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Sterling spikes down as UK GDP misses estimates

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

  1. Sandra S.

    Sandra S. Forum Member

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    Global Markets The Sterling spiked to downside across the global currency markets as a result of UK GDP printing below expectations at 0.5%. This currency has suffered for an extended period of time as a result of a riskoff environment mixed with escalating fears of a slowdown in economic momentum in the UK economy. It seems that BoE Mark Carney’s statement suggesting the possibility, rather than the certainty of a UK rate hike has pushed back expectations deep into 2016. Economic data in

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