Wednesday, 3 July 2019

GBPUSD Outlook: Risk of Bearish Breakdown on Flash Crash Trendline Break

GBP remains on defensive across the board as UK Services PMI stagnates, suggesting that UK GDP in Q2 likely contracted by 0.1%.


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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...