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Fri, Nov 21 2008, 02:47 GMT

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Rates update: 2008-11-19

GBP starts showing signs for boosting in June

Posted on May-19-2008

Once the darling of directional speculators, the GBP has traded sideways in 2008. However, a big move is brewing and on the way as it seems.
Technical factors indicate that the Pound is in the early stages of a bull move that could exceed 2.04 by the middle of July.