GBP/USD trades with a positive bias for the third straight day on Friday and hovers above the 1.3300 mark in the European morning on Friday. The data from the UK showed that Retail Sales rose at a stronger pace than expected in August, supporting Pound Sterling.

EUR/USD breaks above 1.1150 as the dollar weakens following the Fed's first rate cut in over four years. Market expectations for further easing support the euro's upward momentum against the dollar. Key resistance at 1.

This has been corrected to reflect that the Fed moved to cut rates twice by 50 basis points and 100 basis points in March 2020. The U.S. dollar has been sliding in the run-up to a widely expected interest-rate cut from the Federal Reserve on Wednesday and,

EUR/USD climbs above 1.1150 in Thursday’s European session, driven by a weakening US Dollar (USD), as the dust settles after the Federal Reserve’s (Fed) bumper interest rate cut and expectations of further policy-easing.