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GBP/USD Forecast: Upside open, but risk of weak UK retail sales

Discussion in 'Technical Analysis' started by FXStreet_Team, Nov 19, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    The GBP/USD pair clocked a high of 1.5248 (50% of Apr-Jun rally) on Wednesday, which was followed by a rise to 1.5294 levels in Asia on broad based USD weakness. The Fed minutes merely repeated the message echoed by the October policy statement that – December is a live event, but still the decision to hike rates is data dependent. The implied probability of the Dec Fed rate hike stands largely unchanged around 68%, which indicated the Fed minutes did not show any major surprises.

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