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Tuesday, November 22, 2016
GBP/USD: Sterling holding better than Euro against the Dollar
Moving averages are pointing to the south and upside recovery for the Sterling against the US Dollar is limited. 1.2585 is a top in the GBP/USD.
According to Elizabeth Belugina from FBS, the UK economy is holding the Sterling after reporting better than expecting data; however, the data could not be enough.