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Sterling sensitivity ahead of Second Estimate GDP report

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Nov 27, 2015.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    The lingering impact of Mark Carney’s inability to provide a concise timeframe on a UK rate rise has punished the Sterling this week. This single currency continues to face headwinds from the Bank of England’s clear reluctance to raise UK interest rates and this has encouraged sellers to depreciate the GBP further.Even though economic data from the UK has picked up in November, the non-existent rise in inflation has contributed to UK interest rate expectations being pushed back further. If the

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