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Yohay

GBP/USD Outlook May 28 – June 1

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Yohay
, 05-27-2012 at 03:34 PM (625 Views)
The pound continued its sharp drop this week, as GBP/USD aiming to reach critical low support. The upcoming week has seven releases, including Manufacturing PMI. Here is an outlook for the upcoming events, and an updated technical analysis for GBP/USD.

A weak GDP release in the UK is pointing to a deeper recession than forecast. As well, talk of a Greek exit from the Euro-zone and a lacklustre response to the fiscal crisis in Europe is weighing on the pound, which had a miserable May, losing around six cents against the surging US dollar.
Read the rest of the article [B][I][URL="http://www.forexcrunch.com/gbpusd-outlook-may-28-june-1/"]GBP/USD Outlook May 28 – June 1[/URL][/I][/B]
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