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GBP/USD Weekly Fundamental Analysis for August 8 – 12, 2011

posted by Avatar FXEmpire 655 days ago in USD, GBP, Fundamental

The GBP/USD moved to the downside in the week ended August 5 after rising over the past three weeks as the S&P warning that the U.S. still may lose its top credit rating, record-high rise in Italian and Spanish bond yields and slowdown in global growth made the dollar more favorite for investors as a safe haven currency.
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