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Old 07-09-2008, 01:36 PM   #50 (permalink)
trader123
Senior Member
 
Join Date: Jun 2008
Posts: 197
GBP fell against EUR after an industry survey showed confidence among Britain's consumers dropped in June to the lowest level in at least 4 years.

I personally think with the current weakness in UK economy, GBP is overvalued.

Bought 50,000 EURGBP at 0.7967
Stop loss at 0.7937
Target level at 0.7990
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