Monday, 14 June 2021

GBP/USD Eyes Trend Support as US Dollar Awaits Fed Dot Plot

GBP/USD price action has drifted lower with UK covid cases back on the rise, but the cable's direction likely hinges on how the US Dollar responds to the Fed dot plot update and threat of tapering.

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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...