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GBP/USD Forecast: Fourth consecutive day of loss?

Discussion in 'Technical Analysis' started by FXStreet_Team, Nov 25, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    The GBP/USD pair fell to a low of 1.5053 before recovering somewhat to end the day at 1.5076. The second estimate of the US Q3 GDP revised the growth rate higher to 2.1% as expected and thus turned out to be a non-event for the markets. Other US data sets were conveniently ignored. Mark Carney’s comments tilted a little on the dovish side and made matters worse for the Sterling bulls. Eyes UK Autumn forecast statement George Osborne, at the Autumn statement and spending review today, is set to

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