Friday, 12 November 2021

GBP Forecast: GBP/USD Plummets to Fresh 2021 Lows, Consolidation Ahead

FX markets pay attention to blowout US CPI, causing USD to rip higher. However, major USD pairs appear overextended at current levels.

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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...