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GBP/USD Forecast: Weakness likely in Europe after Friday's strong NFP

Discussion in 'Technical Analysis' started by FXStreet_Team, Dec 7, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    The GBP/USD pair rose to a high of 1.5156 levels on Friday, before trimming gains to end the week around 1.5105 levels. The better-than-expected US non-farm payrolls figure released on Friday convinced markets that the Fed would raise rates at Dec 16 meeting. However, the USD witnessed moderate gains. Buy the Rumor, Sell the fact? If history is anything to go by, then the US dollar may witness “Sell the fact” trade after (and If) the Fed raises rates on Dec 16th. However, the drop in the

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