GBP/USD, Technical Analysis

GBP/USD is Mostly Trading Flat in the Global Market

GBP/USD: The pair is mostly trading flat in the global market as neither currency has the strength to build even a short term rally in its favor. GBP is weighed down by fears of no-deal Brexit woes as the UK holds firm on its threat to walk away from further talks while USD is weighed down by a sharp decline in US T.Yields. The pair is trading below mid-1.28 handle currently while traders await US data for directional cues, but pair is unlikely to close above 1.29 handle today.

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TAGS: GBP/USDTechnical analysis

Karthik Subramanian
February 29, 2020

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