British Pound

GBP/USD Traded Positive Earlier in the Day but has Reversed Most Gains

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

GBP/USD: The pair traded positive earlier in the day but has since reversed most of the intra-day gains and is currently moving range bound around 1.1709 down by nearly 200 pips from intra-day highs. USD’s weakness in the broad market helped prevent further decline. Traders now await US macro data and senate vote for short term profit opportunities. 

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