Thursday, 4 May 2023

British Pound Latest: GBP/USD Bid on FOMC Outlook, EUR/GBP Eyes the ECB

The Federal Reserve raised rates by 25 basis points as expected yesterday but the US hiking cycle may well be over. Next up the ECB.

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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...