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Cable holds lower as dollar keeps slightly firmer on the session

The pound is doing that thing where it is following the action in commodity currencies again today, with it being one of the worst performing major currencies alongside the antipodeans. GBP/USD is now down 0.5% to 1.2380, sitting near the lows for the day.The pair had already come under pressure from the softer UK retail sales data earlier and that is perhaps doing a number on the pound today as well. And with the dollar seen firmer across the board (except against the yen), that is seeing cable... Read More

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Content Topics

Cable

Holds

Lower

Dollar

Keeps

Slightly

Firmer

Session

Forex

Posted: Apr 21 2023, 10:01

Author Name: forexlive

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