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GBP/USD Forecast: Points northwards, Eyes UK manufacturing production data

Discussion in 'Technical Analysis' started by FXStreet_Team, Feb 10, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    The GBP/USD pair tracked the action in the equity markets throughout the data, while largely ignoring comments from BoE MPC member Cunliffe and a mixed UK trade deficit data. Key take away from UK data releases yesterday The Office for National Statistics said Britain's total trade deficit widened to GBP 10.352 billion in the fourth quarter from GBP 8.575 billion in the previous quarter, marking the biggest trade gap since the start of 2015. Goods deficit for 2015 as a whole widened to GBP

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