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Thursday, November 30, 2006
GBP/USD: Erases 1.9600 Exotic Barrier, Talk of Soft Chicago PMI
Cable has sated Asian name option-related sell interest and erased a 1.9600 exotic option barrier en route to a fresh 14-year peak of 1.9604. This amid talk that November's Chicago PMI index will drop to 49.9. A rise to 54.4, from 53.5 in October, is the consensus forecast.
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