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GBP/USD Forecast: Trading the UK manufacturing PMI number

Discussion in 'Technical Analysis' started by FXStreet_Team, Apr 1, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    GBP/USD pair is trading weak around 1.4330 today ahead of the UK manufacturing PMI release. Cable rose to a high of 1.4427 levels yesterday before falling back to 1.4368 and extending losses in Asia today. The decline from 1.4427 could be blamed to a release of poll of polls which showed sentiment is slowly shifting in favor of Brexit. The immediate focus now is on the UK manufacturing PMI release, which will be followed by US average hourly earnings and non-farm payrolls figure. (Trading the

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