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GBP/USD Forecast: limited recovery despite good news

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Jan 20, 2016.

  1. Sandra S.

    Sandra S. Forum Member

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    The Pound is barely to positive UK employment data, trading near fresh lows against the greenback set at 1.4124. The release of December job figures showed that the UK unemployment rate fell to 5.1% the lowest since early 2006. Wages however, grew less than previously with average earnings excluding bonus up by 1.9% in the three months through November. The GBP/USD pair consolidates below the 1.4200 level, and the technical picture suggests that the risk towards the

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