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GBP/USD: expected to come under pressure - FXStreet

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Feb 15, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    Valeria Bednarik, chief analyst at FXStreet explained that the British Pound remained under pressure, despite improved market mood, weighed by fears of a Brexit, and how it will affect the UK economy.

    Key Quotes:

    "The GBP/USD advanced up to 1.4534 at the beginning of the day, but was unable to sustain gains above the 1.4500 figure, and slowly slid during the rest of the day, nearing 1.4400 by the US afternoon."

    "This Tuesday, the UK will release several key macroeconomic indicators, related to retail and producers' inflation, which may put the Pound under additional pressure, as January numbers are largely expected to come below December ones"
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