Thursday, 21 October 2021

British Pound (GBP) Price Outlook: GBP/USD Struggling to Break Above 1.38

GBP/USD continues to wrestle with the psychologically-important 1.38 level, which is providing near-term resistance. Meanwhile, UK public sector net borrowing (PSNB) data were better than expected.

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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...