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GBP/USD could turn volatile as investors eye UK, US CPI

Discussion in 'Technical Analysis' started by FXStreet_Team, Nov 16, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Last week, the British pound was among the strongest of currencies in G10. The week before, it was one of the weakest. Clearly, speculators who had established short positions in GBP, especially against the USD, after that surprisingly dovish Bank of England Inflation Report, used the opportunity of a mostly US data-void week to book profit on their positions throughout last week. In addition, we had some stronger employment data from the UK last Wednesday which provided additional support for

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