Friday, 21 July 2023

GBP/USD Price Forecast: Positive Retail Sales Temporarily Lifts the Pound

Cable caught a bounce this morning on positive retail sales numbers. Is the rebound sustainable or will we see further weakness ahead of a busy 2-week period of Central Bank meetings?

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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...