British Pound

The Pair Unlike EUR/USD has Maintained a Clear Dovish Bias

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

GBP/USD: The pair unlike EUR/USD has maintained a clear dovish bias across the day and is yet to achieve consolidation near intra-day lows as disappointing UK PMI readings, and broad-based USD strength of safe-haven demand provide a twofold dovish pressure on the British Pound. However, a dovish projection for USD macro data means that USD is unlikely to see a major spike in strength. This suggests that the pair will close for the week later today with a price well above 1.22 handle. 

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