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King said: What none of us can know of course is what the right decisions will be down the road.
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As the relative strength index on the GBPUSD continues to hold above oversold territory the pound-dollar appears to be carving out a short-term base going into the end of May and we will need a less dovish statement from the BoE to see a meaningful correction in the days ahead.
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Furthermore Germany demanded a large reparation from France in the aftermath of the Franco-Prussian War which was also financially destabilizing.