GBP/USD Turned Bearish all the Way to the Lower Half of 1.26 Handle

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

GBP/USD: The pair fell sharply from the previous session highs all the way to the lower half of 1.26 handle as GBP faces pressure from PM Johnson’s covid-19 policies. Further, Fed outlook, which hinted at a slow recovery of the US and global economy, also added pressure on British Pound, which along with firm USD, kept the pair trading in dovish momentum. Traders now await US macro data for short term profit opportunities. 

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