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GBP/USD once again edging towards 1.3434
The GBP/USD peaked at 1.3422 yesterday and then fell back to 1.3363. The rebound into the US close saw it end that session at 1.3379. Today the dollar has fallen back once more and that fall has been led by the USD/JPY. That has allowed the GBP/USD and the EUR/USD some upside today. So, the Pound has lifted back above that 1.34 handle and once again not that far away from a potential test (or break of) that well-noted 2024 high, at 1.3434. As already mentioned here many times over the past couple of weeks, this is the level of interest for all Pound traders. The GBP/USD high seen so far this morning has been set at 1.3424. It is currently trading at 1.3417
Market News
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Dollar continues to weaken leading into the 4pm London Fix- EUR/USD straddles 1.1150
The dollar has continue to weaken this afternoon. The GBP/USD is still battling to overcome 1.3250 and the USD/JPY has so far rejected any lasting... -
US stocks mixed in early trading- Dow Jones still in the red
The US stock markets have been open for around 20 minutes now and so far it has been an early session of mixed fortunes. The Dow Jones is still in the... -
GBP/USD making some progress now towards 1.3250
Following on from the previous update looking at the price action in the EUR/USD we see the GBP/USD has charted a slightly steadier route higher...
