The GBPUSD pair came back to the recognizable trading zone close 1.2580 region, in the wake of having plunged quickly to daily lows at 1.2568 levels. Still, the recuperation endeavors keep on staying topped underneath the 1.26 handle in the midst of an absence of key drivers.

The spot coped to recoup some ground in the US last session after the USD dropped across the pond on downbeat US factory orders and ISM services PMI data. Also, the US President Trump’s tweets added the weight on the USD.

Looking forward, for Cable, focus remains on the USD price-action and UK political headlines. The GBP markets keep on staying careful over the next Brexit approach. The US celebrates Independence Day today.

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.