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The next level on the GBP/USD is now not far away
As the dollar continues to feel the fallout from the Washington Post article, the GBP/USD is still pressing higher. The slide in the US currency now means the GBP/USD is continuing to correct the fall to 1.2353 seen on January 2. The next important level on this rebound is not close by and in place right now at 1.2585. That is the price point of the 21 day moving average and the Pound has not been back above this since December 18. As to whether it might reach that this afternoon remains uncertain too. The Pound has already lifted some 150 points today. At the same time this Trump trade news (if correct and confirmed) is big news for the dollar and certainly not positive it would seem either. The high seen so far was printed a moment ago at 1.2551. The GBP/USD is right now at 1.2550
Market News
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S+P 500 eyeing opening close to 6k now as Dollar rebounds on data beat
Since the last update here on the Nasdaq 100 and the rise in the futures price, that has now advanced by around another 200 points. The Dow Jones and...
