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UK Data Means More Dovish BOE; GBP/USD, GBP/AUD to Fall

posted by Avatar FXTimes 631 days ago in GBP, Fundamental, Manufacturing made popular 631 days ago

Today's manufacturing report accelerated the Pound's losses against the Dollar and other key rivals (though not the EUR). The prospect of further deterioration in macro data opens up the possibility we will have some further quantitative easing from the BOE, which should continue to weigh on the GBP. We look at some bearish scenarios in the GBP/USD
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