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GBP/USD Forecast: about to challenge 1.5400

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Nov 4, 2015.

  1. Sandra S.

    Sandra S. Forum Member

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    The GBP/USD pair bounced towards the 1.5420 price zone after getting some relief from the release of the UK Construction PMI, which resulted in October at 58.8 as expected, and against previous 59.9. The data continues to reflect solid growth in the kingdom, meaning that, beyond some intraday declines triggered by dollar demand, Pound's declines against its American rival will likely remain contained. From a technical point of view however, and given the ongoing dollar's strength, the

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