British Pound

Pound is Trading Positive, Reflecting Broad Market Risk Sentiment

GBPUSD Hourly (H1) Chart

GBP/USD: The British Pound is trading positive in a reflection of broad market risk sentiment. But the reality is that price remains trapped in familiar levels as visible from a technical perspective. Broad market USD’s weakness also acts as a factor underpinning GBP’s temporary positive bias. Traders now await US data for short term profit opportunities. 

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