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GBP/USD: Selloff After Early Rally
You can see that the British pound initially rallied during the trading session on Friday, but then collapsed quite significantly to show extreme signs of weakness. At this point in time, the market is likely to continue to see a lot of uncertainty. With the jobs number in the United States coming out weaker than anticipated, that has people worried about the global growth situation. And of course, whether or not the trader is going to continue to chase risk, or will they run into something like the US bond market in order to protect their wealth?That is a very real possibility, but we'll have to wait and see how ... (full story)