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GBP/USD Fundamental Analysis June 1, 2012, Forecast

posted by Avatar FXEmpire 357 days ago in USD, GBP, Fundamental made popular 357 days ago

The GBP/USD closed the month trading at 1.5447 as it continued its decline on worries over the economic health of the UK. Ever since the IMF issued a warning to the BoE earlier this month, saying that the central bank needs to do more to pump up the economy, the GBP has lost steam. Mid month the pound was trading at 1.63 but was unable to sustain.
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