GBP/USD Forecast: Chinese rate hike saves the day

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Feb 17, 2016.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    The British Pound is enjoying some short term demand after the release of the UK employment figures, although the bounce in the GBP/USD pair from a fresh low set at 1.4243 is for the most shallow. According to official data, employment was up in the three months to January by 205K to record 74.1% of workforce. The unemployment rate however, remained unchanged at 5.1% against expectations of a fall to 5.0%, while wages posted a tepid advance, hardly enough to become a concern for the BOE- The

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