Friday, 21 September 2018

GBP Price Action Soured by Negative Brexit Sentiment

Sterling’s recent rally came to a halt late Thursday when news out of the EU informal meeting poured cold water all over UK PM May’s Chequers proposal, leaving GBP now at the mercy of UK politicking.

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ECB Leaves Rates Unchanged, Rate Cut Looms, EUR/USD Steady Ahead of Press Conference

The European Central Bank left all three official rates unchanged as expected. Traders are now focusing on the press conference for any clue...