Being a relative newb here, I'd like someone to offer an explanation as to why the rate increase announcement triggered a massive selloff? Why did the Cable drop as well?
Thanks in advance. I'm just trying to learn FA and right now it's befuddling me. I thought that rate increases HELPED the currency?
Thanks in advance. I'm just trying to learn FA and right now it's befuddling me. I thought that rate increases HELPED the currency?