More Hawkish Rhetoric From RBA Boosts Australian Dollar
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GBP has continued to outperform this morning (GBPUSD 1.6355, EURGBP 0.9125) on a combination of chatter regarding M&A activity and rumours that the BoE will not be increasing QE in November. GBP-crosses have looked oversold for some time now, and this correction has brought us within reach of some key technical levels; the high so far in GBPUSD has been 1.6400, a break of 1.6468 opens up next… | ||||||||||||||||||||
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Pingback by More Hawkish Rhetoric From RBA Boosts Australian Dollar on 16 October 2009:
[...] News Sources wrote an interesting post today onHere’s a quick excerptG10 Advancers and Decliners vs USD GBP 0.20 EUR -0.33 CHF -0.36 JPY -0.38 GBP has continued to outperform this morning (GBPUSD 1.6355, EURGBP 0.9125) on a combination of chatter regarding M&A activity and… [...]