Tuesday, 3 January 2023

GBP/USD Surrenders the 1.2000 Level as the Dollar Index Roars to Life

GBP/USD starts the new year on the back foot with UK PMI hinting at a tough Q1 for the UK economy. Further downside in store for cable?

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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...