GBP/USD Continues to Hold Against US Dollar Steady above 1.25 Mark

GBP/USD Hourly (H1) Chart
GBP/USD Hourly (H1) Chart

GBP/USD: The British Pound continues to hold its exchange rate against US Dollar steady above 1.25 mark as both sides continue to haggle for control over price momentum. GBP remains weighed down by UK’s COVID-19 scenario woes while USD remains weak due to dovish retail sales projections. Traders now await US data for short term profit opportunities, but the price is unlikely to move above 1.26 handle in the immediate future. 

Please feel free to share your thoughts with us in the comments below. 

TOP BROKERS

Latest News

The multi-regulated CFD broker with 180+ products BRIEF INTRODUCTION The Vantage Group of Companies was incorporated in 2009 by a

A comprehensive analysis of an award-winning broker BRIEF INTRODUCTION Samtrade FX is incorporated in Saint Vincent and the Grenadines under

The Israeli-based multi-asset company with 2000+ products BRIEF INTRODUCTION Plus500 is a trademark of Plus500 Limited, an Israel incorporated firm

BRIEF INTRODUCTION Pepperstone, founded by Owen Kerr and Joe Davenport, is an FX and CFD broker based out of Melbourne,

An in-depth analysis of the top Australian forex broker Introduction to the top CFD broker IG Markets Ltd is the

The tier-I regulated broker with the lowest spreads in the industry BRIEF INTRODUCTION IC Markets is the trading name of