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British Pound Pares Decline as OECD Sees Scope For BoE Rate Hike

Posted 05-26-2010 at 10:20 AM by DailyFX
Tags boe, dollar, forex, gbp, oecd

The British Pound bounced back from the low (1.4335) and pared the overnight decline to maintain the tight range carried over from the previous week, and the GBP/USD appears to be carving a near-term bottom just above 1.4200 as the daily RSI rebounds from oversold territory.

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