Friday, 16 June 2023

GBP/USD Update: Cable in the Pound Seat Ahead of CPI BoE

GBP/USD has put in a strong performance as markets downplay the Fed’s hawkish warnings. In contrast, Sterling is likely to remain supported into the CPI and BoE events

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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...