Fed leaves rates unchanged

While the delay between Italy and EU remains, the European Union said in a harsh and clear tone that there is "no future" for Italy if they abandon the Eurozone. The European Commission which is the legislation body of the EU and Italy have been fighting over Rome's financial policies for 2019, later the new anti-establishment administration in the country chose to raise the public spending in the following years.

Italy said that it will raise the public deficit to 2.4 % of gross domestic product three times greater than the previous administration had agreed. But, considering  all the new policies that Italy needs to put ahead, the European Commission said on Thursday that Italy's 2019 deficit in reality will be 2.9%  closer to 3% that EU wants.

GBP is dropping and slipping close to 1.3000 in the outcome of the Fed remaining firmly on the way of more hikes forward of the third-quarter GDP that is anticipated to rise 0.6% over the quarter. From a technical aspect, the popular paid GBPUSD recent retracement to the upside stalled ahead of an major descending trend-line resistance, continuing into monthly highs A possible break below the specified level support, currently near the 1.3030 region will probably drive the price down even more.