GBPUSD climbs above 100-hour MA, October 24

On the economic data front, there is no particular headline truly initiating the slight lift in the Sterling to start the session. However, the GBPUSD pair has climbed back above its 100-hour Moving Average and that has caused push price to a session high of 1.2950.

Buyers have been knocking on the door of the key near-term level since overnight trading, however, have at long last discovered a breakthrough.

All in all, this does is confirm that Brexit deal hopes are still alive. But, in the wake of political uncertainty produced by a potential general election, I figure any gains near the 1.30 level may show to be volatile still.

Rose Alice

About: Rose Alice

Rose Alice has a long experience as a currency analyst with a deep knowledge of the relationship between macroeconomics and currencies fluctuation.

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