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Cable slightly higher as dollar softness overshadows surging UK inflation

Cable slightly higher as dollar softness overshadows surging UK inflation

UK inflation hit its highest since October 1981 and that saw a brief spike in cable to 1.1901 before settling a bit lower thereafter. The retreat in the dollar amid some improvement in the risk mood is also helping to keep the pair underpinned as the technical picture continues to side with buyers for now:

The surge higher following a softer US PPI report yesterday saw price clip 1.2000 for a moment before falling b... Read More

Posted: Nov 16 2022, 08:58
Author Name: forexlive
Views: 112588

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