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Pounds to dollars forecast – 16th November 2010

The pounds to dollars pair continued its recent sideways consolidation once again yesterday, ending the currency trading session with a relatively wide spread down candle closing at 1.6040, just below the 14 day moving average once again. Whilst the euro dollar has fallen sharply as...

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Forecast for the GBP/USD – 1st November 2010

The positive sentiment following Thursday’s wide spread up bar spilled over into Friday’s forex trading session with cable continuing its recent upwards momentum, breaking and holding above the psychological USD1.60 level to end at US1.6044.  On the day, cable recovered from a low of USD1.5876...

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