GBP/USD BETTER BID ABOVE 1.2500

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The GBP/USD pair sees a minor-corrective rally so far this Friday, following yesterday’s massive sell-off triggered by broad based US dollar upsurge, in response to a solid rebound in the treasury yields. 

Focus now shifts towards the UK fundamentals, with the industrial and manufacturing production data to be reported alongside the trade figures. While markets digest upbeat China’s trade figures, which underpin the sentiment around the higher-yielding currency GBP.

Current GBP/USD exchange rate is 1.2500.

Our Latest Recommendation:
Sell GBP/USD pair.

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