Wednesday, 20 May 2020

British Pound (GBP) Latest: GBP/USD Rally Running Out of Steam

The rally so far this week in GBP/USD is faltering after news of a drop in UK inflation; attention now turns to testimony by the Bank of England Governor and Thursday’s PMIs.

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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...