Wednesday, 24 April 2024

GBP/USD: Cable Bounces After Solid Data/Hawkish BoE

by BD Banks

GBP/USD: Cable Bounces After Solid Data/Hawkish BoE

Cable bounces from new multi-month low on Tuesday, boosted by better than expected UK services PMI data and hawkish stance from BoE policymakers, who signaled that rate cut might be delayed, as the central bank sees too early cut more harmful than to start easing policy too late. Brightened near-term outlook so far lifted the […]

The post GBP/USD: Cable Bounces After Solid Data/Hawkish BoE appeared first on Action Forex.

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