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In the broadcast today: Is the GBP Undervalued and Poised for Future Gains? In light of what a British economist called a "desperately disappointing" U.K. GDP report last Friday, we take notice of this morning's upbeat projections for the GBP issued by some of the largest financial institutions in the world and examine the factors that could position the GBP as an undervalued currency that may be ready for future gains vs. the USD, the EUR and other majors, we analyze the latest trend developments with the GBP/USD, EUR/USD and EUR/GBP currency pairs, we highlight the market's reaction to the Australian Producers Price Index and the German Gfk Consumer Sentiment, we discuss new forecasts from Goldman Sachs, JPMorgan-Chase, Citigroup, Barclays and Bank of New York-Mellon, and prepare for the trading session ahead.
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