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GBP/USD Weekly Forecast: Bullish Ambitions Continue to Face Hurdles for Now
The GBP/USD saw extremely light holiday trading on Friday and Monday’s price action should be watched suspiciously too, this as most financial institutions remain on holiday working schedules. Tuesday’s trading however should see full volume and reactive moves taking into consideration that another inflation report from the U.S on Friday came in rather mixed. The Personal Consumption Expenditures Price Index met this month’s expectation, but it needs to be pointed out the previous month’s result was revised higher. The Federal Reserve is being tested and so are Forex traders. The notion that the GBP/USD is ... (full story)