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GBP/USD

Dear traders,
The GBP/USD pair posted a lower low and a lower high for a fourth consecutive day, but bounced from 1.3457, to end the day with gains around 1.3550. The Pound has been quite vulnerable ever since the week started, despite reporting on Wednesday that manufacturing output expanded at its fastest rate since early 2008, as a new round of Brexit talks looms. Fears that things will get tougher from now on, and that the effects of Brexit will hit hard the UK economy, dented demand for Ste…
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EUR/USD

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The common currency got a nice boost from the release of ECB's Meeting Minutes, surging to a fresh 3-day high of 1.2026 against the greenback, later extending it up to 1.2035 on US data miss. The document released by the European Central Bank reminded investors how confident policymakers are about the economic recovery, with no dovish in-between lines. US Producer Price index rose by less-than-expected in December, also below November levels, up yearly basis by 2.6% from previous 3…
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GBP/USD

Dear traders,
The spot erased entire losses and trades neutral, as the bulls fight back control amid an extension of the sell-off in the US dollar against its main competitors, as investors sold-off the buck in reaction to the latest comments by the Chinese official. The Chinese officials are reportedly considering to slow or halt the purchases of the US Treasuries, viewing them as less attractive to other assets. The USD index accelerated declines, now flirting with two-day lows of 91.75, down …
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