In case GBP/USD moves below 1.2650, it will likely gain significant downside momentum and head towards the next support level at 1.2450. Such a move would signal that GBP/USD experienced another false breakout of the key resistance level.
EUR/USD
The ECB said on Thursday it was increasing the overall size of its Pandemic Emergency Purchase Programme (PEPP) by 500 billion euros to 1.85 trillion euros. It extended the scheme by nine months to March 2022. Whilst on Friday, ECB policymaker Francois Villeroy de...