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Back Fundamental analysis
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Back Fundamental analysis
GBP cannot benefit from its safety cushion
Disappointment is a harsh word for
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Disappointment is a harsh word for a currency. It seemed that the sterling's lower vulnerability to Donald Trump's trade tariffs, the stability of Labour Party politics, and the Bank of England's slow pace of monetary easing could serve as a safety cushion for the British pound. However, a 6% plunge in GBP/USD from its September highs tells a different story. For much of the year, traders believed that the sterling could become the top-performing currency among the G10. That disappointment
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Marek Petkovich,
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