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It is risky for GBP to make call-back

Discussion in 'Forex Discussions' started by ikonforex, Jan 23, 2011.

  1. ikonforex

    ikonforex New Member

    Dec 22, 2010
    Likes Received:
    On Friday, GBP/USD increased followed the USD. Due to the USD declined pressured is heavy, GBP once broke the gate of 1.60. This week, GBP/USD rose 0.6 percent and was 1.5999 dollars.

    But some participants still hold the cautious attitude, because the weak economy and the strict control measure means that the interest rate increasing did not the final decision. The analyst warned that the uptrend of GBP may excessive.

    For Bank of England, the pressure is large this week. The applicant for the unemployment compensative money that is released by the Britain is better than the expected one, triggering the interest rate increasing expectation of market.

    Forex news
    Edited By Sarah

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