Let ur winners run & cut ur losses short.
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GBP/USD: Resetting Sights on 1.43 2018 High as Bond Market Dust Settles
The Pound-to-Dollar exchange rate went out Friday on its back foot after risk assets hit a global bond market speed bump following an earlier rally that took Sterling to 2018 highs, which will be back in prospect this week as and when the dust settles in international financial markets. Sterling fell sharply against a rallying Dollar, which was the best performing major last week, after losing its grip on three-year highs achieved during the Asia session on Wednesday when GBP/USD traded as high as 1.4242. “To us, this is just a bull market correction and our upbeat GBP/USD view remains intact. GBP is to benefit ... (full story)