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GBP/USD Forecast: underlying bullish trend prevails

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Mar 11, 2016.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    The Sterling retains its latest gains against the greenback, with the pair confined to a tight consolidative range above the 1.4260 region. Data coming from the UK was mixes, with Consumer inflation expectations down to 1.8% from previous 2.0%, whilst construction output fell 0.2% versus expectations of a 0.3% advance monthly basis. The Goods Trade Balance came in at £-10.29B, above forecasts (£-10.3B) in January, helping the GBP/USD approach the 1.4300 level. Overall, the pair retains a

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