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Trader, analyst and instructor with a 6-year experience

GBP/USD rose after BoE FSR

GBP/USD rose to $1.6353 (ihighest level since Jan. 2) following the release of the latest Financial Stability report. The BoE announced it will end mortgage incentives as UK housing momentum is expected to continue and instead is now focusing the scheme on benefiting the small business sector. According to BoE Governor Carney, the new measures will contribute to constructive evolution of housing market. 

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