British Pound

GBP/USD Trades Positive as Traders Cheer the Return of UK PM Boris Johnson

GBP/USD: The pair is trading positive as GBP bulls are supported by a broad-based improvement in risk sentiment and local traders cheering the return of UK PM Boris Johnson. Johnson’s return would mean Brexit proceedings will schedule according to previous expectations without any major changes aside from COVID-19 impact. However, broad-based USD’s firmness keeps Pound under pressure preventing further gains. The pair will continue to trade positively, aiming to scale 1.25 handle during North American market hours today.

Was this post helpful?