Disappointing Economic Data Sends Pound on a Roundtrip for the Week

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Dr. Duru submits: The British pound has taken some sharp twists and turns since first hitting 4-month lows against the U.S. dollar on September 28. I have been steadfast in my bearishness against the pound since mid-September, but I have found it necessary to dance in and out of positions given the persistent decline in the dollar against all other major currencies and risks from “news headlines.” (Specifically, maintaining short-term trading horizons with tights stops above key resistance

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