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GBP/USD Forecast: short term bullish, 1.4340 possible

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Mar 29, 2016.

  1. Sandra S.

    Sandra S. Forum Member

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    Pound bounced sharply from a daily low of 1.4193 against the greenback, and trades around its daily opening. The improved market sentiment which fueled local share markets after the long holiday, is helping the UK currency to retain its latest gains, despite the lack of local macroeconomic data. Later on today, FED's Yellen will speak of monetary policy in a private event, and investors will be looking there for her wording, given that after the ultra-dovish tone of the latest FOMC

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