GBPUSD Aug 08 to Aug 12 Outlook

By News Robot

Lawrence’s Comment

Recap
As expected the 3 pushes up led to a selloff below Y-1. Instead of falling further, cable consolidated in range. Closed the week above midpoint.

Outlook
This week due to the S&P downgrade, potential Fed and G8 inventions will throw all markets into chaos. See this and the related articles as the situation develops over the weekend.

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