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23 Feb 2016
GBP/USD to close Feb below 2010 low? - Rabobank
Analysts at Rabobank explained that GBP/USD is on track to end February below the 2010 low at 1.4231.
Key Quotes:
"Such a close would validate the bearish break below the key multi-year trendline at 1.4545 witnessed in January and would keep the downside vulnerable in the coming weeks/months, which is likely to be dominated by prevailing uncertainty about the outcome of the crucial referendum on the UK’s future in the EU."
Key Quotes:
"Such a close would validate the bearish break below the key multi-year trendline at 1.4545 witnessed in January and would keep the downside vulnerable in the coming weeks/months, which is likely to be dominated by prevailing uncertainty about the outcome of the crucial referendum on the UK’s future in the EU."