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Sterling falls as traders sense BOE hesitancy

Started by forex4you, Mar 17, 2022, 04:54 pm

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forex4you

Mar 17, 2022, 04:54 pm
Sterling falls as traders sense BOE hesitancy

For now, the drop in cable is somewhat salvaged by the 200-hour moving average (blue line) @ 1.3099.But the immediate reaction says a lot about how the market is feeling about the BOE's tightening cycle at the moment.Coming into the meeting decision, there were 5 rate hikes priced in (excluding

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