GBP/USD appears to be running into sellers just ahead of 1.30

Over the past few hours the Pound has been pushing higher versus the dollar. That has seen the GBP/USD climb steady throughout the morning and heading into the US stock market opening shortly. The GBP/USD based out much earlier today at 1.2956 and it has risen to a high so far, at 1.2997. However, it seems to be running into quite few offers up there, just ahead of the 1.30 handle. As noted, the Pound faces some potentially strong headwinds next week, depending upon what gets unveiled in that eagerly awaited UK budget next Wednesday (October 30). So, it remains to be seen if there is enough buying interest ahead of the weekend, to take out whatever selling interest remains in place ahead of that 1.3000 level. The GBP/USD is currently trading at 1.2995