British Pound

GBP/USD is Trading Positive with the Price Well above the 1.26 Handle

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

GBP/USD: The pair is trading positive with the price well above 1.26 handle having scaled 5-week highs in intra-day session today. GBP seems to remain immune to local headlines and macro data impact, at least in the short term, as it rides the momentum of USD’s weakness across the globe. Traders now await US data and speech from Fed members for directional cues. 

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