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GBP/USD Forecast: Pound weighed by poor local data

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Mar 3, 2016.

  1. Sandra S.

    Sandra S. Forum Member

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    The GBP/USD pair retreats from a daily high set at 1.4106 during the Asian session, weighed once again by poor UK data. House prices in the UK, came in below expected, but pretty much unchanged compared to their previous readings, as the Halifax index showed that in the three months to February were 9.7% higher than in the same three months a year earlier. Nationwide, prices posted a slight uptick, up to 4.8% over the year from the 4.4% increase recorded in January. The Markit Services

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