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GBP/USD Weekly Fundamental Analysis May 28 – June 1, 2012

posted by Avatar FXEmpire 362 days ago in GBP, Fundamental, Weekly made popular 361 days ago

The GBP/USD ended the week at1.5667 as it is underperforming its peers ending a week in which it has declined 1.0% vs the USD. Recent data, which included moderate CPI, weak retail sales, and deteriorating GDP figures, suggest a more challenging environment for the UK, and have raised the possibility of additional easing from the BoE.
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