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GBP/USD


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If the 4 major US economic data came out today is no where near as good, why is the GBP is sinking from the time US data came out and continuing at the moment ? I cannot find any reason though I have been skimming the internet from about 1.30 pm, when the slide begun.

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  • 2 weeks later...

This is rare but is not abnormal.

the data has direct impact and also future concerns. 

the overall impact is determined by the market participants. so, the same data can produce very different (up/down) views on the specific pair. now GBP/USD

 another reason: the market is not always rational. just follow the trend and accept what happening on market is the objective approach. you may find the answer in the following video.

 

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