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My thought on GBP(pound) fundamental analysis 21 Feb 2014

The GBP fundamentals is depressing from the string of lower then expectation data that came out from UK for this few months.

CPI 1.9%
PPI -0.9%
Unemployment rate 7.2%

The latest labor data from UK rose from 7.1 per cent to 7.2 percent which is not bad but due to the high expectation of rate hike, many was disappointed.

I am now doubting if the recovery seem from UK last year(2013 Dec) was sustainable and now are awaiting for more UK data and hopefully that March would bring better news.

Currently closing all GBP position and Longing silver (risk averse mode on!).

PLEASE NOTE THAT FOREX TRADING WILL RESULT IN LOSING ALL YOUR MONEY. DO NOT TRADE BASE ON MY POST.

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