Wednesday, 5 April 2023

GBP/USD at Multi-Month Highs, Acceptance Above the 1.2500 Level Remains Key

Cable retreated from multi-month highs this morning as support at 1.2449 comes into play. Will US data later provide fresh impetus for further downside or is acceptance above 1.2500 inevitable?

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ECB Leaves Rates Unchanged, Rate Cut Looms, EUR/USD Steady Ahead of Press Conference

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