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Super Thursday's super Sterling selloff

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Nov 6, 2015.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    Global Markets Market participants observed a hefty selloff of the GBP across the global currency markets as BoE doves empowered the Sterling bears. This came as a shock, as despite the revamping of robust economic data from the UK, today’s dovish stance from the BoE has renewed concerns about a potential slowdown in economic momentum within the UK economy. The latest quarterly inflation report slashed CPI targets and GDP growth for 2016 has been shaved to 2.5%. This meek outlook that the BoE

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