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GBP/USD Forecast: consolidating losses

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Oct 29, 2015.

  1. Sandra S.

    Sandra S. Forum Member

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    The GBP/USD pair fell down to 1.5247 late Wednesday and following the US Central Bank latest announcement, in which officers said that they will consider a rate hike in their upcoming December meeting. Dollar's demand has weighed on the Pound, albeit the decline has been limited, given that the BOE is also in the tightening path. The UK has just released its money data, showing that business lending decreased in October, whist mortgage lending came out at 68.874K against previous 71.03K,

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