Wednesday, 3 May 2023

Sterling Update: GBP Takes Back Seat Ahead of Fed, ECB Meetings

The pound has held up nicely against the dollar but has lost ground against the euro. This week is all about the Fed and ECB which will be the driving forces behind FX

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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...