GBPUSD is Seeing Positive Price Action in the Global Market

GBPUSD Hourly (H1) Chart

GBP/USD: The British Pound is seeing positive price action with the exchange rate moving up towards the 1.26 handle. Better than expected Euro area macro data allowed the price to edge above the 1.259 handle but a slight recovery of USD’s strength led by increased demand for US treasuries capped gains below 1.26 mark. Traders now await US retail sales and jobless claims data for short term profit opportunities. 

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