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Cable falls through 1.24 as risk sentiment worsens

The mood in markets is souring with the S&P 500 down 7 points, or 0.1%. It's looking increasingly like the FX and stock markets were behind the bond market, though I'm still extremely wary of month-end flows.In any case, some caution has spilled over into cable as it unwinds some of the earlier gains. The pair is now trading at 1.2385 from a high of 1.2446.There are mounting UK economic worries along with fears that the Bank of England will be particularly ruthless about inflation. The May infla... Read More

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Content Topics

Cable

Falls

Through

24 Risk

Sentiment

Worsens

Forex

Posted: May 30 2023, 18:14

Author Name: forexlive

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