Feb 28, 2013
Forex: GBP/USD erasing daily gains after US data
The GBP/USD has been erasing its daily gains little before the release of US data. While the annualized GDP Q4 growth was even worse than expected, of 0.1% instead of 0.5%, quarterly data rose 0.9% instead of 0.6%. That and improving jobless claims send the pair down to 1.5159, almost to the opening price of 1.5157, as the NY session started.
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