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Pound unimpressed by Hunt's fiscal statement
Upon headlines that the OBR is assessing that the UK is in recession and some jeers in parliament as Hunt says that they will "not leave debt to the next generations", the pound dipped with cable falling to a low of 1.1801 on the day. The details of the budget are what you would expect (I'll summarise below) but cable did recover as buyers hold on to its 100-hour moving average:
With the dollar still holding firmer... Read More
Posted: Nov 17 2022, 12:08
Author Name: forexlive
Views: 110756