Wednesday, 10 May 2023

GBP/USD Price Forecast: 1.2600 Holding Firm as Bulls Eye a Fresh Catalyst

Cable holds onto gains as US CPI and BoE approaches but bulls appear exhausted as RSI rests in overbought territory. Deeper retracement incoming?

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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...