Wednesday, 25 October 2023

GBP/USD At Risk of Freefall if 1.2000 Psychological Level is Broken

GBP/USD faced a trendline rejection and renewed selling pressure making a return to recent lows. Are we in for fresh lows or a period of consolidation ahead 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...