GBP/USD Forecast: tepid growth not enough

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Dec 1, 2015.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    The British Pound extended its recovery above the 1.5100 figure against the greenback, supported by the release of the BOE's stress test results. According to the latest review, all of the country´s biggest banks passed the annual health check, and the GBP/USD pair rose to 1.5124. But a worse-than-expected Markit Manufacturing PMI for the UK put the pair under pressure. November reading came out at 52.7 against previous 55.2, well below the 54.0 expected. Despite the UK manufacturing expansion

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