Tuesday, 9 October 2018

GBP/USD: Cable Collects Support Above 1.3000 - Can it Hold?

The British Pound is bouncing after collecting two spots of support already this week at 1.3030, showing bullish defense above the 1.3000 psychological level. Can it hold?

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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...