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Sterling pushes on

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Oct 15, 2015.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    In the UK yesterday, GBP was given a boost following a drop in the unemployment rate to its lowest level in 7 years. This was coupled with an increase in average weekly earnings by 3% which, all in all, resulted in the pound pushing 1.5500 against the dollar. Wage growth is being seen as a good indicator of the economy’s health – but before getting too excited, it may still be some time before the central bank sees the economic situation as good enough to raise interest rates. We won’t see

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