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Trend of the Day - GBP/USD
Friday, 11 September 2009 10:13:14 GMT  |  Gregory McLeod, Power Course Instructor
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GBP/USD gets lift from the Bank of England

GBP/USD uptrend continues as the 1.68000 handle is in sight. Yesterday, the Bank of England left rates unchanged which traders believed was better than a cut as it points to a strengthening economy. The US dollar is being used as a funding currency for a new carry trade and the Pound is the beneficiary.

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