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GBP/USD: Cable Rises to New 14-Month High on Hawkish Rate Outlook/Weak Dollar
Cable is riding on extended third wave of five-wave cycle from 1.2307 (May 25 higher low) which hit Fibonacci extension 200% on Friday. Steep upleg from 1.2486 (June 12 trough) extends into fourth consecutive day, hitting new 14-month high (1.2848), as sterling was lifted by weak dollar and hawkish signals from the Bank of England. […] The post GBP/USD: Cable Rises to New 14-Month High on Hawkish Rate Outlook/Weak Dollar appeared first on Action Forex...
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Posted: Jun 16 2023, 14:53
Author Name: actionforex
Views: 111636