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GBP/USD Overview. April 7. The British Pound Continues to Linger at the Bottom
The GBP/USD currency pair traded at
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The GBP/USD currency pair traded at its lowest level in the past four months on Monday. Over the last two months, the British currency has depreciated by 650 pips, which can be viewed in various ways. On the one hand, it's not an excessively large movement. A mere 300 pips rise (a 50% correction) would bring the pound close to its highs over the past four years. Additionally, it's likely that nearly all traders understand that the sole reason for
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Paolo Greco,
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