Cable fell to two-week low on Wednesday on softer than expected UK February inflation data that fuel expectations for BoE rate cut in May. Fresh weakness pressure support at 1.2883 (20DMA / last Friday’s low) break of which to open way for deeper correction (dips from new multi-month high at 1.3014 were so far shallow) […]
The post GBP/USD: Cable Eases After Soft CPI Data But Still Lacks Clearer Direction Signals appeared first on Action Forex.
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