[FOREX NEWS] GBP/USD trades at the lowest in a month – 3 reasons and levels

GBP/USD is struggling to hold onto the 1.28 level. This is already a drop of over 250 pips from the cycle highs seen earlier in May and at the lowest level since April 26th, a full month. There are three reasons for the downfall of cable as it approaches a critical level. Why GBP/USD is [...]

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[FOREX NEWS] US GDP revised up to 1.2% – USD rises

Good news from the US: the economy grew by 1.2% annualized against 0.9% expected. Durable goods orders are up 0.7% but core orders disappointed with a drop of 0.4%. The US dollar is slightly stronger. The US was expected to report an upgrade of the Q1 2017 assessment from 0.7% to 0.9%. The figures are all [...]

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