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Pound/Dollar: Waiting for BoE's Minutes

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

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Hourly I was ready for the pound to strengthen yesterday, but not for as much as it did. There was no news which would have pushed the dollar down. The market is continuing to close long positions on the dollar and has been doing so since the ECB didn’t go as far with their monetary policy plans as the market expected. Market attention today is on the BoE’s interest rate decision. The rate won’t be put up, that’s for sure. It will be important how the votes go though. If it’s 9-1 then the

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