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Editors’ Picks
GBP/USD stays weak below 1.3250 despite renewed US Dollar selling
GBP/USD stays defensive below 1.3250 in European trading on Friday. The US Dollar stalls its upside as focus shift to the weekend’s US-China trade talks. On Thursday, the BoE maintained its cautious stance on future rate cuts but failed to inspire the Pound Sterling.
Ripple: $3 XRP breakout looms after $50M SEC settlement
Ripple price consolidates gains around $2.31 on Friday, down slightly on the day. A joint motion filed by Ripple and the Securities and Exchange Commission on Thursday revealed that the two parties have reached a settlement agreement pending judicial approval.
FOMC’s holding pattern continues
As universally expected, the Federal Open Market Committee (FOMC) decided at the conclusion of its meeting today to keep the target range for the federal funds rate unchanged at 4.25%-4.50%.
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