GBP/USD: Similar to the Euro, the British Pound is also trading with a positive bias in the international market spurred by an unexpectedly sharp decline in US Greenback. While prevalent USD’s weakness pushed the price of the pair above the 1.3100 handle, broad-based risk-averse tone and pressure from a no-deal Brexit scenario keep further gains in check. USD is expected to remain weak in immediate and near future trading session, but the pair is likely to decline back to 1.30 handle once USD manages to consolidate its position around intra-day lows later today.
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