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GBP/USD Forecast: still looking heavy

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Mar 25, 2016.

  1. Sandra S.

    Sandra S. Forum Member

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    The Sterling suffered big this week, plummeting to 1.4054 against the greenback and erasing all of the last two-week gains, although the pair finally bounced some on Thursday, amid better-than-expected UK Retail Sales. The figures however, continued showing that the economic recovery is slow, and that the kingdom will have to face several challenges when it comes to growth. But most of Pound's weakness is coming from Brexit fears, and the excision among policy makers its generating.

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