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GBP/USD Forecast: test of 1.4250 now possible

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Jan 12, 2016.

  1. Sandra S.

    Sandra S. Forum Member

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    The GBP/USD trades at its lowest in 9 months, as British data continues disappointing. The UK industrial production declined by 0.7% in November, whilst Manufacturing fell by 0.4% in the same month, both compared to the previous months. The year-on-year readings also missed expectations and fell below the previous readings, in line with the latest poor data that was behind this continued declined in Pound. After a shallow upward corrective movement on Monday, the pair resumes its decline to

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