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Here is some general information. We often see a strong market movement ahead of publication.

Rumors, leaks or sheer nervousness move GBP USD. When the global mood is positive, GBP tends to gain against the USD, albeit usually not at the same magnitude as commodity currencies.

When doom and gloom return to markets, the pound is on the retreat. Post-Brexit GBPUSD forecasts vary by timeframe. Contradicting forces are tearing the pound apart. The pair closed at 1. There are 7 events this week. British inflation levels continue to rise, but wage growth and unemployment rolls missed their estimates.

As well, retail sales posted a second decline in three months , raising concerns about consumer spending. This hurt the pound, but the currency rebounded as three members of the BoE voted to raise rates , although the majority prevailed and the BoE held rates at 0.

The pair then dropped to a low of 1. The UK political landscape remains fluid, and the start of Brexit negotiations could get off to a rocky start. Follow us on Sticher or iTunes. There are 10 events…. This marked the highest weekly close…. The pair closed the week…. The pair closed the week at 1.

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