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The Start of The Gbp Reversal

Discussion in 'Fundamental Analysis' started by ActionForex.com, Nov 11, 2009.

  1. ActionForex.com

    ActionForex.com Content Contributor

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    The pound took a beating in Wednesday trade, plunging 150 pips in a very short period after BoE Governor Mr. Mervyn King said that a weak pound would help the U.K. economy, mainly in the effort to rebalance its ever-widening trade deficit. These comments came during the BoE Inflation Report...

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