GBPUSD continues to regain momentum

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Nov 12, 2015.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    GBPUSD The GBPUSD has hit a weekly high at 1.5246 despite the Sterling momentarily depreciating across the global currency markets following a mixed reaction to Wednesday’s UK labor report. Although the UK unemployment rate fell to its lowest level since April 2008 at 5.3%, both the claimant count and average weekly earnings failed to meet expectations. The mixed report unearthed some concerns which market participants currently have about a potential slowdown in economic momentum in the UK

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