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Cable completes the round trip, now lower on the day

Cable has been under steady pressure after briefly jumping on a moderation in US consumer prices. The pound touched a high of 1.2818 immediately after the release but has since fallen to 1.2713.The drop in cable in indicative of market moves elsewhere. Stock initially cheered the CPI data but have grown much more cautious. The dollar is broadly stronger, including against the yen despite the change in the risk trade.Oil is now at the lows with WTI down $1.10.The theme following the data is uncle... Read More

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Content Topics

Cable

Completes

Round

Trip

Lower

Forex

Posted: Aug 10 2023, 16:29

Author Name: forexlive

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