GBP/USD Forecast: weighed by Brexit fears

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Feb 18, 2016.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    The GBP/USD pair consolidates around its recent lows, stuck around the 1.4300 level, as the British Pound is being weighed by fears of a possible Brexit. Despite British Prime Minister David Cameron pledged to stay in the union, if an agreement is reached, fears ahead of the referendum have grown. All 28 countries are having a meeting this Thursday and Friday, and they will discuss the recently proposed measures by the EU, aimed at addressing UK's concerns. Technically, the 4 hours chart

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