Tuesday, 6 June 2023

Cable (GBP/USD) Settles into Consolidation Channel – Breakout Levels Analysed

Cable trades within a broader consolidation channel, lacking a bullish catalyst while at the same time finding support via elevated interest rate expectations

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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...