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Cable is puking into the London fix

Started by forex4you, Sep 24, 2022, 05:10 am

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Sep 24, 2022, 05:10 am
Cable is puking into the London fix

<p>The pound extended today's decline to +350 pips and touched 1.0899.</p><p>There's now open talk of intervention. This is from a former BOE MPC member:</p><p>The weekend press isn't going to be kind to Truss and Kwarteng. They're taking a high risk of being forever cast as in the pockets of the rich as a cost-of-living crisis hits. That's the kind of thing that could quickly undo support for the Conservatives and risks blowback from within the party.</p><p>Gilt yields are up 29 bps.</p>

                This article was written by Adam Button at forexlive.com.

Source: Cable is puking into the London fix

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