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Cable extends decline to 200 pips

The US dollar is showing broad strength today as risk aversion sets in and the pound is suffering. GBP/USD climbed initially on the BOE decision but the sellers pounced and since then it's been caught in a broad post-ECB downdraft.

Going into Wednesday, the market was feeling good about the chances that a number of global central banks would downshift to something less hawkish. Rates everywhere were hiked 50 bps, which was in line with estimates but that was coupled with multiple forec... Read More

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Cable

Extends

Decline

Pips

Forex

Posted: Dec 15 2022, 16:11

Author Name: forexlive

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