GBP/USD is Trading Positive Albeit News of PM’s Johnson’s Hospitalization

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

GBP/USD: The pair is trading positive above 1.23 handle as GBP bulls have managed to largely shield themselves to news of PM’s Johnson’s hospitalization. USD’s slight decline in the global market today added momentum to GBP bulls, but concerns on Brexit proceedings and UK Covid-19 woes kept gains in check. Traders now await US data for short term profit opportunities. 

Please let us know your thoughts in the comment below.

Was this post helpful?