Cable extends sharp fall after eventual break of pivotal 1.20 support, pressured by growing concerns about inflation-growth puzzle which boosts fears that the economy is heading into recession and fresh hawkish comments from Fed policymakers. Soured sentiment adds to bearish technical studies, completing negative near-term outlook, as the pair is on track for a weekly […]
The post GBP/USD: Bears Accelerate Towards 2022 Low, On Track for the Biggest Weekly Fall in Nearly Two Years appeared first on Action Forex.
