For much of the day, the markets have been quiet awaiting the US job report. By most accounts, the expectations were high but the real number has surpassed the most generous predictions.
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The GBP to USD conversion has come under notable pressure on the 5th of November - how far will the declines extend?
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On Wednesday, the US released encouraging labour data that sent the USD higher against the EUR and the GBP.
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With the dollar struggling in the U.S. on Friday, analysts are speculating over its fortunes for the coming week, and with several key pieces of data to be released it is predicted it will be a vol…
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The Bank of England's meeting on Thursday should set the tone for the GBP to USD conversion in November, as will the resolution of the 1.55 barrier.
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The British pound has been falling against the dollar since mid-October but is seen fighting to keep its uptrend alive.
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A stronger USD will ultimately rely on the US economy continuing on its path of growth.
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