Jun 27, 2013
GBP/USD testing the support
GBP/USD has started to drop on a poor set of key UK figures, in the main GDP will be in focus. GDP came in at 0.3% vrs 0.6% yoy and expectations of 0.6%. Month on month were in line, but coupled with a widening of the Current Account, GBP/USD looks set to move towards the June lows around 1.5200.
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