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GBP/USD extends gains above 1.26 as EUR/GBP hits session lows

The pound is outperforming right now and one driver for the move has been a drop in the EUR/GBP. That is now falling towards session lows neat 0.8575. To put that in context, the Euro was trading above 0.8600 earlier today after closing in the US last night at 0.8592. The GBP/USD has now lifted to a session high at 1.2624 as the EUR/USD balks at a clear break above the noted 1.0832 trend line resistance. It is also worth noting here; that the further gains in the Pound have seemingly helped to push the FTSE 100 back from an earlier new record high, at 8,474. It is just now trading at below 8,450. The GBP/USD is currently trading at 1.2623
 

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