Thursday, 4 February 2021

GBP/USD Breaking Lower, Lift Likely if Bank of England Rules Out NIRP

GBP/USD has broken downwards from a rising channel on the charts, suggesting further losses. However, a rally is possible if BoE Governor Bailey rules out negative interest rates in the UK.

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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...