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GBP/USD In Downward Channel This Week

Money Mind - Forex


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Old 03-05-2012, 04:42 PM
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Default GBP/USD In Downward Channel This Week

On Wednesday Pound/Dollar decreased insignificantly with 80 pips. The Cable depreciated from 1.6240 to 1.6159 yesterday, in converse with the positive Interbank sentiment at under +19%, closing the day at 1.6193. Today the British Pound is trading quietly, with movements within yesterday's range for the time being.

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