British Pound

GBP/USD is Mostly Trading Flat in the Global Market

GBP/USD Hourly (H1) Chart

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. 

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

Was this post helpful?