What is Cable in Forex & How is it Used?
The cable is highly liquid because it is traded by large financial institutions, central banks, and retail traders around the world. This means that traders can enter and exit positions quickly and easily, without worrying about slippage or significant price movements. While Truss hopes that the tax cuts will increase economic productivity, investors and forex traders were concerned that the move would add to the U.K.'s debt and exacerbate already-high levels of inflation. These uncertainties coincided with strength in...