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GBP/USD eases to 1.2700, awaits BoE policy announcements

GBP/USD eases to 1.2700, awaits BoE policy announcements

GBP/USD is trading close to 1.2700, undermined by a renewed US Dollar strength early Thursday. The downtick could lack follow-through as traders look forward to the BoE policy announcements before placing further bets.

GBP/USD News

EUR/USD remains pressured below 1.0750 ahead of US data

EUR/USD remains pressured below 1.0750 ahead of US data

EUR/USD is trading under pressure below 1.0750 in the European morning on Thursday. The pair facing fresh selling interest, as the US Dollar finds its feet amid firmer US Treasury bond yields. ECB Bulletin, US data and Fedsepak are next in focus. 

EUR/USD News


UPCOMING CALENDAR EVENTS

Editors’ Picks

Gold: Will XAU/USD buyers recapture key resistance near $2.340?

Gold: Will XAU/USD buyers recapture key resistance near $2.340?

Gold price regains upside traction early Thursday after the Juneteenth holiday lull. The US Dollar pauses its decline as Treasury bond yields edge higher amid risk aversion. The daily RSI gradually moves above the midline, supporting the Gold price upside.

Gold News

Bitcoin price continues to plummet as whale activities deepen

Bitcoin price continues to plummet as whale activities deepen

Bitcoin's price fell below $65,000 on Wednesday following Increased whale activities that may be sell orders. Meanwhile, hedge funds have experienced a drag in their Bitcoin exposure, which may be fueled by consistent outflows among Bitcoin ETFs.

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BoE set to leave interest rates unchanged could deliver cautious message on inflation

BoE set to leave interest rates unchanged could deliver cautious message on inflation

BoE is expected to keep its policy rate unchanged for the seventh consecutive meeting on Thursday, despite the recent acceleration of disinflationary pressures in the UK and speculation of two interest rate cuts this year.

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