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Dollar strengthened against the Pound

Discussion in 'General Forex Talk' started by MattyUSA, Nov 18, 2007.

  1. MattyUSA

    MattyUSA Private

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    Hi

    About a week ago we saw the GBP/USD reach around 2.11. I was flabergasted it got this high but then all indications suggested it'd weaken further.

    Then it tanked to its curent value of around 2.05.

    I was curious as to why it might have done this and in such a quick fashion. It dropped from 2.11 to 2.07 in less than a day if I recall.

    Does anyone have any thoughts? What was behind it? Was there some report I missed?

    Regards,
    Matt
     

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