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Sat05192012

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Thursday, 17 May 2012 07:21

GBP/USD Challenges 1.5922/1.5869 - May 17, 2012

"We are surprised that sterling has been perceived as a safe haven. On paper it doesn't have the characteristics and as King pointed out there is considerable exposure to a deterioration in the euro zone" - HSBC (based on Reuters)

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Wednesday, 16 May 2012 09:16

GBP/USD to slide lower - May 16, 2012

"The U.K. economic backdrop may not be brilliant, but it's enjoying a haven status because of the political uncertainty in the euro zone" - Morgan Stanley (based on Bloomberg)

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Tuesday, 15 May 2012 04:31

GBP/USD Emerging Pattern 1H Chart Channel Down

GBP/USD rebounded from the support level at 1.6050, forming a Channel Down pattern on the 1H chart. The formation has 67% quality along with 58% magnitude in a 97-bar period.

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Tuesday, 15 May 2012 04:05

GBP/USD to bounce off 1.6106 - May 15, 2012

"The U.K. economic backdrop may not be brilliant, but it's enjoying a haven status because of the political uncertainty in the euro zone" - Morgan Stanley (based on Bloomberg)

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Monday, 14 May 2012 10:19

GBP/USD maintains bearish bias - May 14, 2012

"In addition to the less dovish stance of the BoE, the issues facing the euro zone suggest that further [Euro] downside is likely ahead of the publication of the Inflation Report" - Rabobank (based on Reuters)

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