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GBP/USD Forecast: bullish, but lacking momentum

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Mar 31, 2016.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    The UK final revision of the Q4 2015 GDP surprised to the upside, with growth during the last three-months of last year up by 0.6%, leaving the annual rate at 2.1%, above the previously estimated 1.9%. The GBP/USD pair recovered from a daily low of 1.4325, but remains roughly 100 pips below the weekly high. Also in the wires, but clearly less relevant for the UK economic figures, were the current account and money figures, the first posting a larger-than-expected deficit of 32.7B,

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