Tuesday, 3 October 2023

GBP/USD Price Forecast: Pound Plunges Towards 1.20

The pound weakened against the USD after US Treasury yields rallied coupled with some hawkish Fed speak which will continue today.

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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...