Thursday, 20 August 2020

British Pound (GBP) Latest: GBP/USD Sell-Off a Dollar Driven Event, GBP/NZD Testing 200-DMA

The sharp sell-off in cable on late Wednesday was primarily driven by a reversal higher in the US dollar after the FOMC nudged back further forward guidance.

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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...