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Back Fundamental analysis
Overview of the GBP/USD Pair. October 28. The Bank of England Is Not the ECB
The GBP/USD pair traded lower on
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The GBP/USD pair traded lower on Tuesday, again without a single compelling fundamental reason. We do not bother traders with every secondary release trying to explain every move. Note only that both the euro and the pound fell before the single most important U.S. release yesterday — durable-goods orders — so macro data did not drive the dollar's strength on Tuesday. Correlation between the euro and pound is now practically absent.If the euro's moves over the past two months look
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