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Cable stretches to the highs since September, rising 150 pips

Cable stretches to the highs since September, rising 150 pips
Cable may have found a bottom.The US dollar has sold off broadly today but the pound is taking particular advantage, up 150 pips to 1.2349.It's the best gain since a powerful stretch of gains in early June. That series of gains is a reminder that the pair can run when it has fuel. Given crowded US dollar longs, I'd argue that there is more in the tank here, especially on a close above the October high of 1.2337.This pair has shown significant beta with equities and that's important to keep in mi... Read More
Posted: Nov 3 2023, 15:25
Author Name: forexlive
Views: 091658

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