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Deciphering the British pound
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CT-March 2007-5
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The pound-dollar rate edged up to a nearly 15-year high in January. Analyzing its daily and intraday performance over the past year provides an idea of how this currency pair operates.
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Detailed Description
 The "currency majors," Part 1: Daily and intraday price characteristicsThe 12-month study period from Feb. 1, 2006 to Jan. 31, 2007 contains 260 trading days. The analysis explores tendencies and patterns in the GBP/USD’s daily range, close-to-close changes, and up-closing vs. down-closing days.
A second, intraday study uses 60- minute bars from Dec. 1, 2006 through Jan. 31, 2007. This analysis characterizes the typical hourly price behavior and identifies the most volatile portion of the 24-hour trading session.
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