Fundamental Analysis, GBP/USD

GBP/USD is Trading Positive in the International Market with British Pound

GBP/USD: The pair is trading positive in the international market with British Pound testing 1.28 handle as hopes for economic recovery ahead of UK PM Boris Johnson’s announcement supports GBP bulls at the moment. However, the pair is mostly holding firm in 1.27 handle as caution ahead of today’s Fed policy decision update capped further gains. Traders now await an update from PM Johnson on what businesses will re-open in UK and US Fed update and macro data for short term profit opportunities and directional cues.

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TAGS: Fundamental AnalysisGBP/USD

Karthik Subramanian
June 11, 2020

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