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GBP/USD: Weekly Forecast 11th June - 17th June
One month ago on the 10th of May, the GBP/USD was trading near the 1.26780 vicinity, this before the Forex markets shook and the currency pair started to incrementally track lower. The GBP/USD broke below the 1.23100 level on the 25th of May, this before starting a reversal higher which saw additional volatile price action fighting to gain value. The GBP/USD went into this weekend near the 1.25785 ratios as the Forex pair exhibited strong buying action much of last week. The sudden optimism that is seemingly flooding the Forex market and making the USD weaker is noteworthy. Quite possibly speculators and financial ... (full story)