The GBP/USD pair broke its overnight consolidative mode to the downside heading into the London markets, now looking to test the 100-DMA at 1.2854, with the immediate focus now on the UK labor market report due at 0930 GMT.
The EUR, therefore, is likely to remain under pressure ahead of the ECB's rate decision. The technicals are also biased bearish. For instance, the pair has found acceptance under ... Read more
Even with the Brexit uncertainty weighing on the UK business investment and consumer spending, the UK labor market is solid and firm and the fresh labor market report for December ... Read more
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