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GBP/USD Forecast: pressuring 1.5000 psychological level

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Dec 8, 2015.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    The GBP/USD pair fell down to 1.5000, having been under pressure ever since the day started, amid the strong decline in oil prices. The Pound took a hit also from October production data, showing that manufacturing production fell by 0.4% in the month, and 0.1% compared to a year before. Industrial Production however, beat expectations by rising 0.1% monthly basis, and 1.7% on a year-on-year basis. The mixed reading saved the GBP from plummeting below the psychological level

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