The USD is broadening gains against the likes of the GBP, EUR, CHF and CAD, so the GBPUSD pair is trading closer to 1.2905. The GBP is eminently weaker and I would anticipate that should proceed as Brexit uncertainty continues to linger as UK PM May heads to Brussels today.

Today’s key focus will be on the Bank of England(BoE) meeting.

Concerning the GBPUSD pair currently, there are bids layered around the 1.29 handle so that should help with keeping price steady around the figure level for the time being. Further support is only seen closer to 1.2885 with further support then seen closer to 1.2855.
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.