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GBPUSD

GBP/USD is Trading Mostly Flat in the International Market Today

July 24, 2020
GBP/USD Hourly (H1) Chart
GBP/USD Hourly (H1) Chart

GBP/USD: The pair is trading mostly flat in the international market today but showed clear signs of positive bias as an update from UK Brexit negotiators that little progress has been made in talks helped support GBP bulls. But pressure from escalating geopolitical tensions from both US & China and UK and China keeps GBP well under pressure. For now, weak USD continues to drive a rally in favor of GBP, allowing price to hold above 1.27 mark while traders await US jobless data for short term profit opportunities.  Please feel free to share your thoughts with us in the comments below. 

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