Tuesday, May 07, 2013

7 May 2013; GBPUSD

GPBUSD

It is going to be a slow week with a lack of news in Europe with the French and German hoildays.

Look out for Thursday UK rates announcement and US Unemployment claims.

Else based on technical and without the influence of news, I am expecting the pound to hover in the range 1.556 and 1.553 for today.

Overall technical calls for a sell. This is also supported by the expectation that UK will maintain rates.

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