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GBP/USD Forecast: waiting for the BOE

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Nov 6, 2015.

  1. Sandra S.

    Sandra S. Forum Member

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    The British Pound trades pretty much flat against the greenback below the 1.5400 level, as the market waits for the Bank of England decision and the Inflation Report. An early spike beyond the key level was quickly reverted, indicating high expectations ahead of the news. The UK released its Halifax House Prices, which were 2.8% higher in the three months to October, than in the previous three months. The annual rate increased from 8.6% in September to 9.7% The technical picture is

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