British Pound

GBP/USD is Trading with Clear Positive Bias Hovering

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

GBP/USD: The pair is trading with clear positive bias hovering well above the 1.235 handle but the price momentum today primarily stems from broad market USD weakness rather than GBP’s strength. Dovish factors surrounding GBP have lost their impact in immediate sessions due to overwhelming support from USD’s decline, but a rebound in USD could crush the British Pound yet again. Traders now await Powell Speech and President Trump’s response for short term directional cues and macro data updates for profit opportunities.

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