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Close but not quite for GBP/USD as it steps back from 1.30
Yesterday after the European close the GBP/USD continued to try and test the 1.30 handle. In the event it seems there were a few sellers just in front of the level and the Pound stalled at 1.2997. It later closed in the US at 1.2991. The high seen during the Asian session today has been set at 1.2994 and it has backed away since, as the EUR/GBP presses higher and the EUR/USD rise stalls for the time being. That has helped to push the GBP/USD back to a session low so far, at 1.2975, So, as with the EUR/USD, the range has been pretty tight so far today. We shall have to see, if there is further upside momentum for another push, to try and reach that 1.30 level as the day unfolds. The GBP/USD is currently trading at 1.2980
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