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GBP/USD hits 18-day low after US durable goods ex-transport beat

Tuesday, May 26, 2015 1:19 PM UTC

Cable deflated by greater Fed expectations
Hits 18-day low by 1.5360 after US durable goods ex-transport beat
Recent hawkish shift in Fed hike expectations = key source of support for USD
Ensuing recovery rally topped out just shy of 1.54 (1.5393 = May 11 low)
June 17, July 29 & Sept 17 are next 3 FOMC rate announcement dates

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GBP/USD hits 18-day low after US durable goods ex-transport beat

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