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GBP/USD rising ever closer to 1.3434
An update here on Friday noted how the GBP/USD was yet to break above 1.3300, but at the same time stating the Pound still had designs on the the 2024 high, at 1.3434. Well, as you can see, this morning the GBP/USD has moved closer to that level. The high seen so far today has been set at 1.3396. Well, it seems only a question of time before that 1.3434 level is put to the test, but as to whether that is today, with London and most of Europe closed, remains another matter. The dollar is in an ever deepening hole folks and that is seeing it fall further today, even as US yields rise. The GBP/USD is right now at 1.3394
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