Cable Is Crashing… Again
Cable has retraced back down over 60% of its flash crash collapse…
“The sentiment on sterling is closely tied to expectations of hard Brexit,” said Georgette Boele, a currency and commodity strategist at ABN Amro in Amsterdam.
BOE officials’ “comments are not helpful at all. Saunders said that he was concerned about volatility in sterling as it pushed up inflation. Despite this, we think that the BOE is more focused on growth than on inflation at this point in time.”
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