GBP/USD close to 1.2500 as UK data drop looms

The fall back in the dollar since later yesterday afternoon has allowed the GBP/USD to push very close to the 1.25 handle this morning. Yesterday after the higher than forecast US CPI data hit the screens, the GBP/USD fell back below the 1.24 handle, hitting a low at 1.2378. Before the US data had arrived, the Pound had traded to 1.2465. The later comments from Trump regarding his phone calls with Putin and Zelenskiy helped to push the GBP/USD back up, as the dollar fell and it rose above 1.2480. As with the EUR/USD is later pruned that move and closed in the US at 1.2446. However, it has pushed higher again this morning and come very close to the 1.2500 handle. In the process of that move, the Pound has now taken out the noted 50 day moving average. That is in place right now at 1.2470. However, shortly at 7am GMT we get a whole bunch of UK data which might add or detract from that further rise. There will be more to add when that data arrives shortly. The GBP/USD is right now at 1.2493