Thursday, 11 March 2021

British Pound (GBP) Latest: GBP/USD Technically Strong, Bounce Set to Continue

GBP/USD has broken higher from a falling wedge pattern on the daily chart, suggesting that the drop seen since February 25 was corrective rather than the start of a new trend lower.

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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...