Thursday, 13 July 2023

UK Economy Shrinks Less Than Expected in May, GBP/USD Breaches 1.3000

The UK economy continues to surprise as GDP is now estimated to be 0.2% above its pre-covid levels from February 2020. Given that further hikes are expected, are recessionary fears justified?

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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...