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No rest for GBP as the EU summit negotiations continue to weigh

Discussion in 'Technical Analysis' started by FXStreet_Team, Feb 19, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    A relatively busy session today; certainly for GBP as the ongoing EU talks – which now look to be extended into the weekend – have provided a major weight . The early buying was presumably positioning ahead of the UK retail sales number, which although better than expected, failed to generate the GBP spur players were looking for. This resulted in a sharp turnaround from the mid 1.4300’s, with Cable losses eventually taking out Thursday’s lows. Decent EUR/GBP buying was also noted, but all

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