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Australia	7.25%
Canada	3%
EMU	4%
Japan	0.5%
Swiss	2.75%
England	5%
US	2%

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Forex Center > News > Fundamentals

GBP/USD Fundamental Outlook at 1500 GMT (EST + 0500)

24 Jul, 2008 @ 04:57 pm EST

GCI Financial Ltd.

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The British pound fell sharply vis--vis the U.S. dollar today as cable tested bids around the US$ 1.9815 level and was capped around the $1.9990 level. Data released in the U.K. today saw June retail sales fall 3.9%, its largest fall since at least 1986 but inflationary pressures moved higher. Cable bids are cited around the $1.9360 level. The euro moved higher vis--vis the British pound as the single currency tested offers around the ₤0.7905 level and was supported around the ₤0.7845 level.

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