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grahamfeliz
Mar 15, 2023 11:58 AM

Sell Short

British Pound/U.S. DollarFXCM

Description

Price failed to brake up to the previous level, now breaking down to lower level and potentially further.

Remember FED can hike rates a little higher and for longer than BoE, because USA tend to have 30 year mortgages and can handle it, whereas UK is short duration mortgages of 2~5 years and those high rates hurt a lot quicker.
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