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GBP/USD Forecast: Watch out for USD recovery

Discussion in 'Technical Analysis' started by FXStreet_Team, Feb 11, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    The GBP/USD pair rose to a high of 1.4578 before trimming gains on account of the risk-off in the equities. The spot closed at 1.4522; up for the second day. A weaker-than-expected UK manufacturing production figure failed to have any impact as expected, since the slowdown was already priced-in. Key takeaways from Yellen testimony Fed is watching financial markets, feels equity sell-off and USD strength could hurt US economy May cut rates if required, but as of now feels the tightening could

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