GBP/USD Forecast: losing upward potential

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Mar 10, 2016.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    The GBP/USD pair trades mute around the 1.4200 figure, with no catalysts coming from the UK, as the calendar in the kingdom is empty once again. The Pound's latest upward corrective movement seems to be exhausted, but the strong comeback in oil's prices and a generally weaker dollar, are keeping the pair in consolidative mode near its recent highs. The upcoming ECB´s decision is probably going to have a limited effect in the Pound, but a weaker Euro could lift the GBP/USD in the short

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