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GBP/USD Forecast: Bullish above 1.5113, No BOE liftoff in 2016?

Discussion in 'Technical Analysis' started by FXStreet_Team, Dec 11, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    The GBP/USD pair flirted with 1.5202 in Europe before falling to 1.5113 levels after the Bank of England left the key rates unchanged and maintained the dovish tone intact. The vote count remained unchanged at 8-1 and the bank noted a slight slowdown in the nominal pay growth. Key Takeaways from Thursday The markets continue to ignore the worsening UK trade deficit. The UK current account to GDP ration hit record lows for last three years and appears on track to do the same this year as well.

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