British Pound

GBP/USD is Trading with Positive Momentum, but its Gains were Capped

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

GBP/USD: The pair is trading with positive momentum, but its prospects for gains were capped over an update from BOE policymakers hinting at the possibility of negative interest rates. Slightly weaker but firm USD and Brexit woes also add pressure, but cues from vaccine test trial data provide enough strength for short term positive price rally. 

Please feel free to share your thoughts with me in the comments below. 

Was this post helpful?