GBP/USD Putlook: Cable Jumped Around 0.4% in European Trading on Wednesday

<p><img width="507" height="337" src="https://www.actionforex.com/wp-content/uploads/2018/04/f-gbp36.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" fetchpriority="high" /></p>
<p>Cable jumped around 0.4% in European trading on Wednesday, lifted by above forecast UK December inflation data, which soured the sentiment about rate cut, pushing percentage of bets for rate cut by May significantly lower. Fresh gains move the price from dangerous zone after the price retested the floor of larger range at 1.2600 zone, […]</p>
<p>The post <a href="https://www.actionforex.com/contributors/technical-analysis/535707-gbp-usd-putlook-cable-jumped-around-0-4-in-european-trading-on-wednesday/">GBP/USD Putlook: Cable Jumped Around 0.4% in European Trading on Wednesday</a> appeared first on <a href="https://www.actionforex.com">Action Forex</a>.</p>