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The Dollar in the World EconomyGroup of Eight leaders gathered for their meeting in L’Aquila, Italy, today after Russia and India said in the past week the world economy is too dependent on the dollar.
We think it is unlikely that any concrete proposals for reforming the international reserve system will make it into the G-8 final communiqué
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GBPUSDShort Position at: 1.3740
Stop Loss at: 1.3840
Take Profit at: 1.3620 / 1.3440
OP, SL & TP at YOUR OWN RISKS
Forex Trading is a very risky trade and if you decide to trade, kindly note that you trade at your own risks. You Open Position, Take Profit and put a Stop Loss at Your Own Risks. We hold no responsibility for any losses or damages incurred.
GBPUSD
Long Position at: 1.4748
Stop Loss at: 1.4698
Take Profit at: 1.4800 / 1.4854 / 1.45110
OP, SL & TP at YOUR OWN RISKS
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Policy makers next meet Nov. 6, when they will probably cut the region's main refinancing rate to 3.25 percent, according to the median forecast of 26 economists surveyed by Bloomberg News.
The Bank of England will lower its main rate by a half- point to 4 percent when it announces its next decision on Nov. 6, according to the median forecast of 30 economists surveyed by Bloomberg News.
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