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GBP/USD hold above $1.29

Arron Morris Currency Broker - Sterling still under pressure.Written by
Arron Morris
Senior Currency Broker
T: 01442 892 065

The GBP/USD cross held above $1.29 throughout yesterday’s trading session, and has edged slightly higher this morning with the currency pair now sitting at $1.2957.

It is the highest we have seen the cross for seven days and we could be set for a volatile day for the dollar with a number of key eco-stats from the U.S. set to be released this afternoon, there is also a speech from FOMC member Robert Kaplan. If the data is weaker than forecast there is a chance we could see GBP/USD push back towards $1.30 by the end of today. EUR/USD is still close to the 14 month high we witnessed earlier in the week, with the pair still trading above $1.14.

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Arron Morris
Senior Currency Broker
T: 01442 892 065

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