Monday, 7 November 2022

GBP/USD Price Outlook: Cable Climbs as Post NFP Dollar Decline Continues

GBP/USD trades higher after the dollar selloff but dismal GDP forecasts for Q3 and an aggressive Fed suggests the counter-trend move may be short-lived

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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...