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Pound tanked despite solid retail sales

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

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Pound tanked despite solid retail sales Ipek Ozkardeskaya The big news of the day came from the PBoC. Despite efforts to revive economic growth, the PBoC looked unhappy about a too-rapid growth in credit and announced to raise the RRR (Reserve Ratio Rate) for banks that boosted lending too fast. It has been a warning that the PBoC will not tolerate an undesired overheating in the economy. The FTSE reversed early losses with Coca-Cola ahead of the game after the announcement of a solid 13.3%

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