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GBP/USD Forecast: Trading the UK services PMI report

Discussion in 'Technical Analysis' started by FXStreet_Team, Feb 3, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    The GBP/USD pair fell to a low of 1.4326 on Wednesday after the UK construction PMI came in lower than expected. The growth in the construction sector in the UK dropped to its weakest in nine months in January after a short-lived recovery in December. However, the cable recovered losses, but still ended moderately lower on the day around 1.4407 levels. Eyes UK services PMI report On Monday, the manufacturing PMI came out better than expected with 52.9 points. Yesterday, Construction PMI misses

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