Saturday, 27 October 2012

DailyFX - Forex Market News: FOREX: British Pound Forecast Depends on US Nonfarm Payrolls

DailyFX - Forex Market News
Forex Market News
FOREX: British Pound Forecast Depends on US Nonfarm Payrolls
Oct 27th 2012, 03:59

An important week of US event risk is likely to force sharp moves across key forex pairs in the days ahead, and we’ll keep an especially close eye on Friday’s US Nonfarm Payrolls report to gauge implications for the resurgent GBPUSD. The British Pound rallied for the first week in five, and the sharp bounce from monthly lows suggests bulls may not have given up just yet.

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