menu search

Cable gives back two days of gains, nears 1.2200

Cable gives back two days of gains, nears 1.2200
The pound came into the day riding a six-day winning streak against the US dollar.USD was sliding on the hope that long-dated rates had peaked and that the Fed would have plenty of room to cut next year. The latest data paints something of a different picture with inflation at 3.7% y/y and other had data holding up fine. The Cleveland Fed also posted its latest nowcast for inflation and has CPI running at 3.79% in Q4 annualized and 4.01% on the core.Those aren't the kind of numbers that will enc... Read More
Posted: Oct 12 2023, 15:34
Author Name: forexlive
Views: 102466

Search within

Pages Search Results: