Friday, 6 January 2023

GBP/USD Update: Technicals Hint at Further Downside

GBP/USD surrendered the 1.2000 handle yesterday following positive US ADP data. Head and shoulders pattern doesn’t bode well for cable with NFP lying in wait.

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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...