Tuesday, 23 November 2021

British Pound (GBP) Price Outlook: GBP/USD May Fall Further as USD Strength Persists

The US Dollar remains firm as Jay Powell’s reselection as Fed chair brings a withdrawal of US monetary stimulus closer; that suggests a continuation of the current weakness in GBP/USD.

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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...