British Pound

GBP/USD: The British Pound is Trading with Slight Positive Bias

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

GBP/USD: The British Pound is trading with slight positive bias, but the price is mostly Rangebound slightly above weekly lows. USD’s weakness and cues from the Cummings scandal provide GBP bull with some level of support but pressure from UK’s refusal to extend the Brexit transition period and BOE’s remains Rangebound in 1.22 handle while traders await US data for short term directional cues. 

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