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Forex in 60 Seconds - UK 2Q GDP Could Set The Pound Up For Major Breakouts

Thursday, 24 July 2008 21:23:17 GMT

Written by John Kicklighter, Currency Analyst

 
 ·          RBNZ Governor Alan Bollard delivers a surprise rate cut sending NZDUSD to its lowest level in a year.
 ·          Friday's UK 2Q GDP release could keep pound volatility high and may even trigger a major breakouts.

Stories to watch on DailyFX

·          How will the UK markets respond to the highly anticipated Advanced reading of second quarter GDP
·          As the majors approach prominent technical levels, sentiment indicators will give strong directional readings.

Send any comments or questions to jkicklighter@dailyfx.com.

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