Cable hit new 37-year low on Wednesday after an announcement from Russia and tough rhetoric threatened of further escalation and send a shockwaves through the markets. Fresh exodus into safety lifted dollar and added to pound’s existing bearish stance, with strong bearish signal generating on break through pandemic low (1.1410), though confirmation still needs weekly […]
The post GBP/USD: Cable Hits New 37-year Low, as Russia Rattles the Markets, Focus Turns to Fed appeared first on Action Forex.
