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GBP/USD: keeps trading upwards on 05.08.2015

During several weeks the pair is trading within a narrow sideways channel 1.5500-1.5680. Weak macroeconomic statistics does not allow the GBP to strengthen against the USD. Thus, on Monday, the British currency was going up, supported by high investor demand and positive data on Manufacturing PMI, but favorable US statistics set to nought all attempts made to strengthen by GBP.

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