The Cable Correlations in the Global Market
“The Cable” currency pair: What is it? The GBPUSD currency pair is commonly referred to as “Cable,” a nickname rooted in its historical connection to the 19th century. During this period, cable correlations and transactions involving the British pound and the US dollar were conducted through the transatlantic cable. GBPUSD, considered a major currency pair, […]
GBP/USD Surges on Strong Inflation, Solidifying Expectations of June Rate Hike
The UK Consumer Price Index (CPI) remains steady at 8.7% YoY in May, while core inflation unexpectedly rises to 7.1% from 6.8%, indicating that inflationary pressures have not yet peaked. The surge is attributed to factors such as used car prices, recreation, and airline tickets, suggesting that inflation extends beyond food and fuel. This data […]
