GBP/USD: The pair is trading with clear dovish bias today with GBP testing an intra-day low of 1.2720 as doubts on BOE and UK government’s stimulus measures to support economic activity amid lack of post Brexit deal with EU. But broad-based USD’s weakness helped the pair trade range-bound below mid-1.27 handle for now. Traders now await US macro data for short term profit opportunities, and in case of worse than expected outcome, GBP bulls will gain a chance to regain hold above the 1.278 handle.
Please feel free to share your thoughts with us in the comments below.
Was this post helpful?
Let us know if you liked the post. That’s the only way we can improve.