Friday, 6 May 2022

GBP/USD, FTSE: Taking Stock of the Post-FOMC Relief Rally Reversal

Markets erased prior gains in the wake of Wednesday’s Fed rate hike as sterling continues its dovish repricing and FTSE succumbs to global equity sell-off theme

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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...