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Mar 31 - 03:55 AM

GBP/USD - Strong Data Is The Foundation Of A Sterling Rally

By Jeremy Boulton  —  Mar 31 - 02:40 AM
  • Booming housing sector with prices +14.3% yy in March

  • Current account deficit slashed to GBP 7.3 billion from 24 bln (f/c -17.6)

  • Business investment rebounds +1.0% in Q4 from -0.8%

  • Q4 GDP beats f/c both yy and QQ

  • EUR/GBP rally should fail ahead 55-WMA 0.8510 and weekly cloud base 0.8570




EURGBP Click here

Source:
Refinitiv IFR Research/Market Commentary

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