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GBP/USD Forecast: correction may extend, but bears lead

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Mar 1, 2016.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    The Pound continued its tepid advance during the Asian session, with the GBP/USD reaching 1.3978 before retreating some ahead of the release of the UK Markit Manufacturing PMI. Data coming from China showed that the economic slowdown in the country deepened, as the official manufacturing PMI for February shrunk to 49.0 from the previous 49.4, whilst the Caixin Manufacturing PMI fell o 48.0. Nevertheless, Asian shares rallied this Tuesday, and European ones are gaining ground, mostly due to

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