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Dollar slips as GBP/USD rebounds towards 2024 high seen yesterday
Since the European stock market reopening the dollar has been falling back versus the Euro and the Pound. As mentioned here earlier, the GBP/USD has continued to hold above its break out level at 1.2894. The Pound has now advanced further along with the EUR/USD and it is now close to the high seen yesterday, at 1.2949. That was also a new 2024 high too, which was noted again earlier today. There is the prospect of some price extension, if the Pound gets past 1.2949 and once again the view expressed earlier, regarding the live prospect of this move opening a path above 1.30 remains unchanged. The GBP/USD is currently trading at 1.2939
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