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GBP/USD forecast: Will it break below 1.4895?

Discussion in 'Technical Analysis' started by FXStreet_Team, Dec 17, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    The GBP/USD pair rose to 1.5098 after the Fed announced a 25bps hike in the interest rate as expected before ending the day lower at 1.4998 levels. A 25bps hike was accompanied by an upward revision of the 2016 GDP forecast and downward revision of the jobless estimate. The Fed; via its Dot Chart, also signaled that it intends to raise rates 4 times next year. The overall policy statement and forward guidance on the interest rate was hawkish than expected and this may keep the USD bid heading

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