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GBP/USD Forecast: downward potential intact

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Nov 9, 2015.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    The GBP/USD pair seems unable to pick up, now retreating after advancing up to 1.5087 with the European opening. With no news in the UK in an usual lackluster Monday, market's sentiment towards the Pound has changed dramatically last week, as the Bank of England downgraded its inflation and growth forecast, which diminish chances of a rate hike in the kingdom, whilst much better-than-expected US employment figures suggests the American country will trigger its first rate hike in nearly a

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