First, a review of last week’s forecast:
– The Fed decision on a fourfold increase in the interest rate in 2017-18 continued to dominate over the pair EUR/USD, as well as the results of the German elections, not ideal for Frau Merkel. Thanks to these factors, as predicted by most experts, the euro lost more than 230 points by the middle of the week. However, later it played back some losses, rising to the horizon of 1.1815;
– As for the GBP/USD, here again the dollar showed growth, but not as impressive as in the case of the euro. The British pound lost only about 100 points over the past week;
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