Monday, 9 October 2023

GBP/USD Price Forecast: Souring Risk Sentiment Shackles Pound

The pound trades on the backfoot as safe haven demand sees the USD bid as tensions in the Middle East rise. UK GDP and US CPI inf focus later this week.

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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...