Thursday, 28 January 2021

British Pound (GBP) Latest: GBP/USD Under Downside Pressure, Support Tested

GBP/USD is again testing support at a trendline that marks the lower boundary of a rising channel in place since January 11. If it breaks through, the near-term outlook will turn bearish.

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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...