GBP/USD moves to daily highs on Barnier’s comments
The Sterling is posting humble gains following Barnier’s remarks on the Irish border issue with the high touching 1.2472 as price advances towards the key hourly MA.
The headline from Barnier’s comments sounds pretty however he said that there is no simple arrangement to the border issue.
All in all, Barnier’s remarks do not change anything in the current Brexit situation yet the ongoing recovery in the pair is additionally suggestive that short positions are being squeezed a little.
Focus now shifts to the UK retail sales data.