GBP/USD stands at risk of giving back the rebound from the July low (1.2788) as the Bank of England (BoE) reverts back to its easing cycle, while positive data prints coming out of the U.S. economy boosts bets for at 2016 Fed rate-hike.
from DailyFX - Forex Market News https://www.dailyfx.com/forex/fundamental/forecast/weekly/gbp/2016/08/05/Post-BoE-GBPUSD-Weakness-to-Persist-Downside-Targets-in-FocustofDS.html?DFXfeeds=forex:fundamental:forecast:weekly:gbp
Post-BoE GBP/USD Weakness to Persist; Downside Targets in Focus
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