GBPUSD Forecast: Danger below 1.31700

GBPUSD lost 1.4%, the most in five months in response to the widely expected rate hike. The comments around the hike seemed particularly dovish.

With the GBPUSD testing the key support level of $1.3040, the market took a Friday breather after the US labour market report saw less than expected number of new jobs created in the US and wages stagnating in October.

We will have a week without an important data except never-ending Brexit negotiations process to provide substantial impulses for the market




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