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GBP/USD hits session lows as European stocks open in the red
On Friday the GBP/USD managed to nose its way above the 1.25 handle for the first time since January 7. The high seen was set at 1.2502, but the Pound was not able to close above that level, ending the week in the US at 1.2484. So far today the direction of travel has been southbound and the GBP/USD just now hit a session low at 1.2426. That means it is close to a minor technical support level, at 1.2415. The earlier high was set at 1.2478. The GBP/USD is currently trading at 1.2432 right as the European equity markets all open in the red this morning
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