GBP/USD is on the rise. GBP/USD is at a 6 year high. On the other hand USD/JPY and EUR/USD lost steam. EUR/USD is hovering around 1.37 level. For EUR/USD, the medium term outlook is still bearish. USD/CAD hit a 6 month low while AUD/USD hit an 8 month high.
ECB is meeting again on this Thursday. EUR/USD has almost recovered all the ground that it had lost since the last ECB press conference in which Mario Draghi, President of ECB had announced negative deposit rates.