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GBP/USD Trading at the February/March Consolidation Support

posted by Avatar FXTimes 391 days ago in USD, GBP, Technical made popular 391 days ago

The GBP/USD has been very bearish since the BoE inflation report and Mervyn King’s testimony revealed that QE is still on the table. Inflation has been checked, and recent inflation data confirmed the trend of stabilizing prices. Lower commodity prices in May also suggest that the inflation issue is not one to deter stimulus measures from...
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