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Technical Analysis GBPUSD : 2016-02-02

Discussion in 'Technical Analysis' started by FXStreet_Team, Feb 2, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Bank of England meeting on Thursday The Britain’s pound sterling strengthened on Monday amid better manufacturing PMI in January by Markit. Will the upward movement continue? The Britain’s PMI rose in January to 3-month high of 52.9 points from 52.1 points in December. This is its record growth since June 2014. In theory, this increases the probability of the rate hike by the Bank of England this year. The Bank’s next meeting is scheduled on Thursday 4. No change in interest rate is expected

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