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Further Weakness in GBP on Poor Housing Numbers

posted by DannyBly 56 days ago in GBP, Fundamental, Daily made popular 56 days ago

U.K. home sales slumped for the month of October - declining to the lowest level in three decades while home prices continue to fall. Last week the Bank of England cut the benchmark interest rate to 3% - the lowest since 1955, in an effort to boost the economy.

Technically we see the GBP/USD trading within a descending triangle on the daily chart
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