Wednesday, 12 September 2018

GBP/USD Holds Above 1.3000 Ahead of BoE: Can Bulls Sustain the Move?

The British Pound has continued to shake as driven by Brexit-headlines; and the bullish bias that's shown over the past week has continued to hold higher-low support. Can a deeper breakdown in the US Dollar turn this flicker of strength in GBP/USD into something more?

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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...