The British Pound halted the three-day slide against the greenback as a Bank of England survey showed a rise in inflation expectations, and the currency may continue to retrace the sell-off from earlier this week as the daily RSI bounces back from oversold territory. However, as the MPC is scheduled to release its March meeting minutes next week, the GBP/USD is likely to maintain the narrow range carried over from earlier this month as investors weigh the prospects for future policy
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- British Pound Fails To Maintain Overnight Rally, Euro Weighed by Risk Aversion
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- U.K. Household Spending Jumps by Most Since May 2008, Pushing British Pound Higher
- British Pound Extends Rally as Retail Spending in U.K. Exceeds Forecast, Euro Halts Two-Day Decline
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