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Thats because this it the most traded currency in the market, 18 months where prices were below June 2014 and only two months (June and July 2015) where overall prices were higher than they were in June 2014 (although individual prices could be higher).
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In news Thursday, the BoE decided to keep their APF unchanged, and the GBPUSD gained 70 pips quickly, had a nice pullback, and then managed a sustained rally up for the rest of the day in line with our short term long GU and EU bias.
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