Cable regained traction after a brief dip under 1.15 mark on lower than expected UK inflation data, as expectations of 0.75% BoE rate hike next week continue to dominate and underpin pound. Wednesday’s sharp drop on higher than expected US inflation (cable was down 1.7% for the day in the biggest daily loss since May) […]
The post GBP/USD: Cable Regains Traction after Tuesday’s Strong Fall But Bears Still in Control appeared first on Action Forex.