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GBP/USD Daily Fundamental Analysis for August 5, 2011

posted by Avatar FXEmpire 1091 days ago in USD, GBP, Fundamental made popular 1091 days ago

On Thursday, the pair dropped as the dollar benefited from the BoJ intervention in the Foreign Exchange market while the sterling retreated as the BoE opted to leave both interest rate and APF unchanged in August.

The rate decision did not have much impact on the pair as it was expected by analysts and investors. After the weak economic data...
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