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    GBP/USD: UK or US to hike interest rates first? on 16.07.2015

    The GBP/USD pair is trading within the upward channel for the second week. The GBP was supported by the statement of the head of the Bank of England, Mark Carney who stated that the time of interest rates increase is coming up regardless of the low inflation rate. In June, the Consumer Price index in the UK fell to zero but is expected to grow towards the end of the year.

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