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GBP/USD Weekly Forecast: Sterling has room to move lower as another Brexit fail nears
The GBP/USD slid about 0.7% to mid 1.2900s over the first week of February after the UK forward-looking indicators saw the economic activity slumping lower and the Brexit was going nowhere over the week. Reasons for the GBP/USD to slide lower are combined. The Brexit going nowhere, the deterioration in the economic indicators and the technical factors favoring the pullback on GBP/USD. The combination of the same factors is expected to prevail also during the upcoming week. The UK Prime Minister Theresa May held a meeting with the European Union top officials on Thursday, but there was no progress in the loathed issue ... (full story)
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- Feb 8, 2019 11:42am Feb 8, 2019 11:42am
- Rakeem
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Beware of robber banks (RB), bad advisors.
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