GBP/USD traders battle for control after FOMC, UK GDP

Discussion in 'Technical Analysis' started by FXStreet_Team, Jan 28, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    News that the UK economy grew 0.5 per cent in the fourth quarter of last year was largely expected. However, the pound still jumped on relief growth was not weaker and the fact that it was driven almost entirely by the dominant services sector. Not that this was unexpected, but economic growth on an annualised basis was noticeably lower at 2.2% compared to 2.9% in 2014; this was the weakest rate in three years. But it is not all doom and gloom here as economic growth is still among the

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