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Cable Bounces as Sunak is Sworn In!

Name: Cable Bounces as Sunak is Sworn In!
Uploaded: 2022-10-25
Channel: David Kindley
Description: Cable has been steady at the 1.13 handle as news broke that Rishi Sunak will be the next Prime Minister.Investors bet that he could restore confidence and credibility that the country lost under Liz Truss’ disastrous rule.Time will tell if the new go

VideoTechnical Analysis

By David Kindley Last updated Oct 25, 2022

Cable has been steady at the 1.13 handle as news broke that Rishi Sunak will be the next Prime Minister.

Investors bet that he could restore confidence and credibility that the country lost under Liz Truss’ disastrous rule.

Time will tell if the new government can lift Britain out of its financial hole.

Timestamps
GBPUSD 01:45
EURUSD 03:10

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Cable market insights

David Kindley

Market Strategist at Orbex David Kindley is a renowned fundamental analyst with over 10 years of trading experience in the financial markets. With a keen eye for macroeconomics and a special focus on trading psychology, David is passionate about helping everyday investors make informed trading decisions through his thorough research and analysis.

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