GBP/USD Forecast: Trading the US retail sales figure

Discussion in 'Technical Analysis' started by FXStreet_Team, Jan 15, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    The GBP/USD pair recovered from the low of 1.4360 after the BOE minutes showed the policymakers still expect a gradual rate hike. However, the minutes did not hint at a specific time of the first rate hike. Also the minutes said the weak Pound may help ease disinflation. Consequently, the recovery ended at 1.4445 following which the pair fell back to end the day largely unchanged at 1.4409 levels. Weak US retail sales could trigger recover in Cable The pair managed to end the day above 1.4372

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