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GBPUSD moves back below 200 hour MA/swing area
If there was a less hawkish central bank after the Fed, SNB, BOE and ECB all raised rates by 50 bps over the last 18 or so hours, it was the BOE who had some members vote for less of a hike and overtures that inflation was peaked and growth was a concern. In contrast, the ECB had a "come to inflation" moment, saying they need to raise rates significantly. The Fed meanwhile "gazumped" the market's expectation for the terminal rate when they upped their projection to 5.1% from 4.6% at the end... Read More
Posted: Dec 15 2022, 15:33
Author Name: forexlive
Views: 102622
