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Cable bounces back after the Bank of England

Cable bounces back after the Bank of England
In the days leading up to the Bank of England announcement, you could see the tide shifting away from 50 bps. The RBA announcement and dipping European data added to the momentum.We're seeing something of a 'sell the rumor, buy the fact' trade in cable as it now bounces into the London fix.On the day, the pound is now down just 6 pips to 1.2702. This article was written by Adam Button at www.forexlive.com... Read More
Posted: Aug 3 2023, 14:50
Author Name: forexlive
Views: 112519

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