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Pound s Pause Before Dive - Action Forex

The British Pound has spent the past week in a tight 500 pip range but has mostly traded around the 1.2620 level. Attempts by the bears to send the GBPUSD into a downtrend like the EURUSD have so far failed, with the pair finding buyers on dips towards the 200-day moving average (now at 1.2590) since last November. It looks more like a temporary stalemate against the backdrop of the euro, franc and yen downtrends and the Canadian dollar’s unimpressive momentum.

TSX gains 150 points, U S markets rise in tech-led rally with S&P 500 hitting record

TORONTO Strength in financial, utilities and technology stocks helped the TSX gain almost 150 points Friday, while U.S. markets broadly rose on the back of technology, with the S&P 500 rallying 1.2 per cent to hit a new all-time record high.

TSX gains 150 points, U S markets rise in tech-led rally with S&P 500 hitting record

TORONTO Strength in financial, utilities and technology stocks helped the TSX gain almost 150 points Friday, while U.S. markets broadly rose on the back of technology, with the S&P 500 rallying 1.2 per cent to hit a new all-time record high.

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