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Back Fundamental analysis
The Pound Has Updated a 4.5-Year High and May Rise Further
A week earlier, we suggested that
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A week earlier, we suggested that the pound had good chances to resume growth, but that stronger movement would require additional catalysts. These catalysts have now appeared, and from several directions at once, which allows us to expect further development of the bullish trend.Let us start with economic news. The Consumer Price Index in December rose to 3.4% year-on-year, exceeding forecasts, and even though core inflation remained unchanged at 3.2%, it can be said with confidence that there are still
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Kuvat Raharjo,
Analytical expert of InstaForex
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