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Dollar lifts again as GBP/USD slips towards 1.2700 again

The dollar is making some further progress now. The GBP/USD has been knocked back towards the noted interim low seen on Friday, at 1.2701. At the same time the EUR/USD has just hit fresh session lows underneath 1.1010 and closing in on the 1.10 handle. So, it remains to be seen if there are any decent sized buyers in place around that level. There is also the potential for stops to lie in wait below 1.2701. That was the low point last week and clearly a level of interest now this morning. The reason for the push higher in the dollar just now is not abundantly clear though. The GBP/USD is currently trading at 1,2707

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