Friday, 14 July 2023

GBP/USD Price Outlook: Dollar Selloff Drives Cable Rally Ahead of UK CPI

Cable’s impressive rally has been largely driven by the USD selloff. Additionally, the disconnect in US/UK inflation dynamics bodes well for sterling ahead of UK CPI

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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...