LiteForex - Analytics

    LiteForex

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    GBP/USD: pair oversold on 25.02.2016

    After a recent sharp fall, the Pound consolidated near the key support level of 1.3910. The British currency was falling, as UK official stated the possibility of the UK leaving the European Union. Presently, a correction has started. Economic situation in the UK is getting more stable, and the current rate of the GBP remains unjustifiably low. A strong growth in Retail Sales did not manage to support the Pound.


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