GBP/USD pushes to a new high on the week just now

Yesterday the GBP/USD topped out at 1.2613 and then fell back much earlier today, to 1.2507, as reported on first thing this morning. Well, just now the Pound took out that prior high, at 1.2613 and seems to have tripped some light stops above it. It has not exactly extended very much at the moment, but it might now have a chance to correct that more than 900 point fall seen over recent weeks, a bit more. We shall see on that . Overall the GBP/USD is very much lagging the EUR/USD and the USD/JPY when it comes to relative, immediate dollar weakness, which is a little strange when one looks at UK yields. The thing is folks; no one really likes the Pound much at the moment and that might explain its struggle to correct higher in a more meaningful way than seen so far. The high a moment ago was set at 1.2616. It is currently trading at 1.2612