GBP/USD Forecast: still seen rising, 1.5460 likely

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Oct 9, 2015.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    The GBP/USD pair advanced up to 1.5382 this Friday, reaching the 50% retracement of its latest daily bearish run, before taking a hit from worse-than-expected UK Trade balance readings. According to the latest data, the UK August deficit in goods trade balance resulted at £-11.149B, while the total trade balance came out at £-3.27B against previous £-3.37B. Also, construction output fell at the fastest pace since 2012, decreasing by 4.3% in August compared to the previous month. The 4

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