Wednesday, 11 August 2021

British Pound (GBP) Price Outlook: GBP/USD Still Edging Lower as USD Climbs

GBP/USD continues to slip back as the US Dollar benefits from Senate approval of President Biden’s spending plans and continuing speculation that the Federal Reserve will taper monetary stimulus.

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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...