Strong activity continues as dollar slides
NEWS
Cable hit post-Black Wednesday highs of 1.9790 on December 1 as relatively low levels of liquidity led to sharp moves in the currency pair. These big moves are likely to continue for the rest of the month, according to Alain Delelis, who was made head of FX for the Americas at Bank of America this week.
He said: "If you look at the last five or six years, December has nearly always been a bad month for the dollar. [As] many people are done trading for the year, liquidity dries up and currencies
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