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GBP/USD hands back some gains ahead of the European opening
Yesterday the upside momentum in the GBP/USD remained intact despite some downside pressure in the EUR/USD. The drop back below 144 in the USD/JPY later in the season helped the Pound to push higher versus the dollar and it lifted to a high at 1.3266 just ahead of the US close, where it ended that session at 1.3261. However, so far today the Pound has dropped back and not long ago hit a session low at 1.3224. Once again the reason would seem to lie with the USD/JPY rebounding again today, back to around 144.50. The EUR/USD is lower too and despite further downside in the EUR/GBP, that has helped to push the GBP/USD lower this morning. It is currently trading at 1.3226
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