Alan Collins from 3c Analysis is evaluating the prospect for further
downside momentum in GBPUSD. He says that the market has renewed
selling pressure that previously resulted in 7 consecutive down
months. The dollar index’s 25% appreciation over the past 9 months has
been rapid, with the dollar hitting a 7½ year high against the yen and
a 12 year high against the euro this week. According to an
International Monetary Fund spokesman, Gerry Rice, the dollar’s
appreciation is “in line with the fundamen
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