British Pound

British Pound Remains under Pressure Against U.S. Greenback

GBPUSD Hourly (H1) Chart

GBP/USD: British Pound remains under pressure against U.S. Greenback despite most major global currencies seeing relief rally today as tensions escalated following the U.K.’s threat to walk out of post-Brexit talks with E.U. within four months. But price held firm above the mid-1.28 handle on broad-based USD’s weakness. Traders now await U.S. data for short term profit opportunities.

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