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It's going from bad to worse for GBP bulls, but could we see a bounce?

Discussion in 'Technical Analysis' started by FXStreet_Team, Jan 7, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    As my colleague Fawad Razaqzada noted earlier , another crash in Chinese equities has hit risk sentiment across the board, leading to a big safe haven bid as we move through Thursday’s US trading session. Unfortunately for GBP bulls, the pound appears to be one of the biggest casualties once again. Economic data out of the UK was actually decent, if not particularly important, this morning: the country’s Halifax Bank of Scotland Home Price Index rose by a healthy 1.7% m/m, easily exceeding

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