Cable bounces as the BoE seems more hawkish
Cable bounced vigorously from 28 Julyās lows around $1.327 as the Fed held rates as expected, American growth in Q2 seemed weaker and the Bank of Englandās Monetary Policy Committee appeared somewhat more hawkish. The MPC voted 6-3 to hold at 3.75% on 30 July against the consensus of 7-2, highlighting again the risk of…
