GBP/USD Forecast: rally can extend towards 1.4770

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Feb 4, 2016.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    The British Pound retains a strong upward tone ahead of the BOE's economic policy statement, trading a handful of pips above the fresh 4-week high posted last Wednesday, and pressuring the 50% retracement of the latest daily decline between 1.5239 and 1.4078. The UK Central Bank is largely expected to maintain its economic policy unchanged, and the attention will center in inflation and growth forecast, and how the nine MPC members vote in relation to the application of measures. So far, there

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