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GBP/USD Forecast: Could re-test 1.5087 on weak UK data

Discussion in 'Technical Analysis' started by FXStreet_Team, Nov 11, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    The GBP/USD pair rose to a high of 1.5186 in Asia today after battling USD bulls for the entire European and NY session yesterday. The sharp drop in the EUR/GBP cross in the early NY session saw the cable rise to 1.5145 before falling back to 1.51. However, the USD was offered overnight, leading to a minor rally in the GBP/USD pair. Drop in wage growth could kill sterling bulls The cable suffered sharp losses last week after the Bank of England (BOE) surprised the markets with its dovish

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