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Pound Turnaround on Short Squeeze

posted by Avatar fx360 695 days ago in EUR, GBP, Daily made popular 695 days ago

The pound staged a massive short covering rally in morning London trade piercing the 1.5100 figure after tumbling to 1.4980 a few hours earlier. The fall was triggered by critical comments from the European Commission which stated that, “"The overall conclusion is that the fiscal strategy in the convergence programme is not sufficiently ambitious
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