12-18-2016, 03:55 PM
Cable started by tracking higher before the FED meet but had a nearly 350 pips movement down from the highs. This was the USD led move which was on the back of FED’s interest rate hikes and bullish projections from their forward guidance! This pair seems quite stable as of now but the Brexit fears will always continue to haunt GBP keeping any higher recovery fairly capped! Some economic data’s and other lighter events to look further next week before the holidays start and trading comes to a halt!