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GBP/USD Forecast: downward risk prevails

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Feb 9, 2016.

  1. Sandra S.

    Sandra S. Forum Member

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    The GBP/USD pair trades uneventfully above the 1.4400 level, with limited intraday moves but with the Pound overall maintaining its latest weakness. The UK total trade balance for December 2015 came in at £-2.709B from a previous revised £-4.031B. Between November 2015 and December 2015, exports decreased by £0.3 billion (0.8%) to £41.8 billion. This decrease comprised a £0.2 billion fall in the export of services and a £0.1 billion fall in the export of goods. Total imports decreased by £1.6

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