GBP/USD
March 8th, 2008
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GBP/USD is still in its downtrend although the cable looks stronger now after the joining the euro. Key for the GBP future trend will be the 2.0250 resistance (50% retracement level and previous support) and the BoE monetary policy. Remember that BoE is not like ECB and will act immediately if the economic data from UK deteriorate further.
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