British Pound

GBP/USD is Trading Positive While Ignoring Dovish Cues from the UK

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

GBP/USD: The pair similar to the EURO is trading positive while ignoring dovish cues from UK macro data given momentum from USD’s weakness. But gains were limited, and pair is rangebound above mid-1.24 handle as caution lingers despite prevalent risk sentiment. Traders await US data for short term profit opportunities. 

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