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Pound joins in the rally-check out the GBP/USD now

Much earlier today the GBP/USD fell back to a session low at 1.2161. It has since spiked back above 1.2300 and this comes as the dollar gets whacked across the board. The GBP/USD has punched its way to a high so far at 1.2307. In the process of making that move it has taken out all the recent highs ahead of 1.2260. The pound last traded above the 1.23 handle back on January 15, when it topped out then at 1.2306. It is backing off the highs this afternoon though, currently tracing at 1.2284
 

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