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Sterling sinks ahead of BoE rate decision

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Apr 14, 2016.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    The Sterling was flung onto a fierce rollercoaster ride during trading this week with prices surging to weekly highs at 1.4347 against the USD following the unexpected rise in UK CPI for March, which temporarily boosted optimism towards the UK interest rate outlook for 2016. Bullish investors exploited this moment of inspiration to retrieve further dominance over the Dollar after the terrible US retail sales report reinforced a wave of a caution over the Fed’s ability to raise interest rates

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