Wednesday, October 23, 2013

GBP/USD Loses Yesterday's Gains, BoE Ahead

On Tuesday Pound/Dollar increased with 130 pips. The Cable appreciated from 1.6114 to 1.6248 yesterday, in line with the positive money flow sentiment at almost +28%, closing the day at 1.6232. Today the British Pound climbed further, reaching 1.6257, than corrected deeply, losing almost all yesterday's gains.



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