British Pound

GBP/USD is Trading Positive in the Global Market

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

GBP/USD: The pair is trading positive in the global market as GBP bulls took full advantage of USD’s weakness and are drawing out every ounce of gains possible in the meantime. Reports of U.K.’s plans for compromising on Brexit talks, albeit staying firm on the transitional timeline, has helped boost optimism as both parties sit for trade-related discussion one last time. Given USD’s pressure from protests and China U.S. tensions, the pair is likely to hold steady above 1.25 handle in North American market hours today. 

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