GBP/USD: The pair continues its steady approach to recovering its steep loss in the exchange rate as a rally driven by US Greenback’s weakness finally helped British Pound breach 1.26 handle. But, a clear lack of fundamental support for GBP resulted in price mostly consolidating in the upper range of the 1.25 handle near the 1.259 mark. Traders are beginning to grow used to the idea of the Brexit scenario, creating a no-trade deal environment, and this is also helping prevent sharp loss. Traders now await US data for short term profit opportunities.
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