Friday, October 16, 2026

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GBP/USD 1.5385 eyed pre-UK Q1 GDP

Pair threatens 1.5385 after pushing recovery from 1.5301 1.5385 is 61.8% Fibonacci retracement of Wednesday's fall from 1.5437 to 1.5301 2nd ONS estimate of UK Q1 GDP 0830GMT. Upward revision to +0.4% f/c UK Q1 business …

By Earlence Fernandes
1 min read
EconoTimes — Reading the Times. Understanding the Future.

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  • Pair threatens 1.5385 after pushing recovery from 1.5301

  • 1.5385 is 61.8% Fibonacci retracement of Wednesday's fall from 1.5437 to 1.5301

  • 2nd ONS estimate of UK Q1 GDP 0830GMT. Upward revision to +0.4% f/c

  • UK Q1 business investment will also be revealed 0830GMT. +1% f/c 

 

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