British Pound

GBP/USD is Trading in red Today Despite Prevalent Risk Sentiment

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

GBP/USD: The pair is trading in red today despite prevalent risk sentiment in the market as a setback in recent Brexit proceedings, which so far showed signs of a positive breakthrough, gave a major blow to GBP fundamentals. But weaker USD in the global market helped limit decline, keeping price steady above the 1.2220 handle. Traders now await US data for short term profit opportunities. 

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

Was this post helpful?