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GBP/USD dips below 1.26 as USD index (USDX) continues to gain as Euro falls

The Pound is still falling under the sword of the firmer dollar this morning. That has seen the EUR/USD just now hit session lows around 1.0783. So, the Dollar index is rising further and edging aver closer to the 104.75 level. At the same time the USD/JPY is re-approaching the highs seen earlier in the Asian session today, as it edges back towards 151.50. The GBP/USD is not escaping any of these moves either and now the Pound has dipped below the 1.26 handle and it is pretty close to testing that noted 200 day moving average, at 1.2590. The GBP/USD has just hit a session low at 1.2591 

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