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GBPCAD Near Potential Sell Area

Discussion in 'Technical Analysis' started by FXStreet_Team, Feb 1, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    GBPCAD, 240 min UK manufacturing PMI beat forecasts earlier today, unexpectedly rising to a 52.9 headline reading, a three-month high and up from 52.1 in December. The median forecast had been for 51.8. The tick higher in the rate of expansion in the sector is encouraging as it came despite inclement weather and flooding, and global financial market turmoil. Markit, the compiler of the survey, reports that strength in domestic demand more than offset a dip in export orders. The domestic

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