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Is the Cable just a Dead Cat Bouncing?

Discussion in 'Technical Analysis' started by FXStreet_Team, Nov 10, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    The Cable has found support after coming under considerable pressure. The diverging monetary policies between the US and the UK saw it slump to its worst week in over a year. A solid day yesterday saw it claw back some of the losses but is this merely a dead cat bounce? The Cable shed over 400 pips in its worst week since August 2014 as a perfect storm brewed. The Bank of England held interest rates steady once again, which came as no surprise to the market. What was a surprise was BoE

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