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GBP/USD edges above 1.2450 this morning (corrected)
On Thursday the GBP/USD was driven lower by the slide in the EUR/USD. That fall saw the Pound come very close to 1.2350. However, since then it has been on the rebound and that rebound delivered a close on Friday at 1.2423. The price action so far today has seen the Pound press higher and once again helped in that move by a push above 1.0325 this morning in the EUR/USD. So, as you can see, the GBP/USD is still playing second fiddle to the EUR/USD. The Pound is close to session highs right now, as the European stock markets prepare to kick off the new week. The high set a moment ago was set at 1.2457. It is currently trading at 1.2453
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