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GBP/USD Forecast: buyers waiting for dips

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Oct 23, 2015.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    The GBP/USD pair consolidates around the 1.5400 level, holding pretty fair against the latest dollar's strength. The pair suffered a kneejerk on Thursday, falling down to 1.5368, a fresh weekly low, after the ECB announced it may expand its assets purchases or lower its interest rates further into negative territory. The slide has been limited however, by market's belief that the BOE will tightening its economic policy during the first half of next year, which widens the imbalances

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