GBP/USD slides below 1.3300 ahead of Thursday’s BoE decision

GBP/USD slides below 1.3300 ahead of Thursday’s BoE decision

GBP/USD fell around 0.7% on Wednesday, sliding below the 1.3300 handle as Cable continues to grapple with the technical level. The sell-off extends the pullback from the late-January high near 1.3870, with the pair now trading below both of its key daily moving averages. Wednesday’s decisive bearish candle suggests the indecisive price action of the […]

USD/JPY jumps and eyes 160 as hawkish Fed lifts US Dollar

USD/JPY jumps and eyes 160 as hawkish Fed lifts US Dollar

USD/JPY posted solid gains of nearly 0.40% on Wednesday after the Federal Reserve (Fed) kept interest rates steady, hinting at just one rate cut in 2026. At the time of writing, the pair trades at around 159.60, remaining volatile. Yen weakens as Fed hints limited easing, Powell reinforces cautious stance In his press conference, Fed […]