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Pound shoots up but comes back down

Posted Thursday, May 12, 2016 by
Skerdian Meta • 1 min read

The BOE released their statement and although there were some comments about risks to the economy, the general tone was more hawkish than expected. So, the British Pound surged nearly 100 pips up to 1.45 but has given back some of those gains now. Meanwhile, the US unemployment claims just got published and they were 24K above expectations, which is hurting the USD at the moment. 

GBP/USD reversed just shy of 1.45

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