GBP/USD Forecast: pressuring 1.4400, bearish

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Feb 11, 2016.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    The British Pound is being dragged lower by plummeting stocks and oil's prices, all reaching fresh multi-month lows after the European opening, as risk aversion dominates the scene. The GBP/USD pair fell down to 1.4411, shedding over 100 pips in the first hour of trading. The UK calendar will remain empty today, while the only risk event coming from USA will be the second-day testimony of FED's Yellen before the Congress. From a technical point of view, the pair is retreating once again from

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