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Pound Down - But Not Out?

posted by Avatar fx360 841 days ago in USD, GBP, Technical made popular 841 days ago

A shocker of a GDP number sent cable plunging more than 2 cents in early European trade, injecting a massive doze of volatility into an otherwise calm currency market as the week approached its close. UK GDP printed at -0.4% vs. 0.2% contracting for the sixth consecutive quarter in a row – the worst performance in post war era.
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