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"With a further nine Fed speakers scheduled for this week and the all-important non-farm payrolls report also due on Friday night, Fed policy - and its impact on broader markets - will no doubt remain at the forefront of the markets' mind."
- ANZ (based on Reuters)
Pair's Outlook
The Cable behaved according to the forecast on Friday, as the pair stabilised around the 1.5180 cluster, after having touched the lowest point of 1.5130. The GBP/USD appears to be reluctant to drop below the August low of 1.5165, despite opening trade between the levels of the mentioned cluster. As a result, the Sterling could partially recover from Friday's losses, although a number of Fed officials might provide sufficient confidence to boost the US Dollar again and, thus, push the pair down to 1.51.
Traders' Sentiment
Bullish market sentiment slightly improved, with 60% of traders holding long positions. Meanwhile, the buy orders retook the majority of the market with 56% (previously 47%).
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