Open Demo Account
Home / Market Update / Forex Market / GBP/USD at Best Level in Four Months

GBP/USD at Best Level in Four Months

M. Ali 28 July, 2020 8:49 pm Forex Market, Market Update

The British Pound (GBP) rose on Tuesday against the US Dollar (USD), to its highest level in about four months.

The GBP appreciation came on the back of positive news about progress in the post-Brexit trade agreement between the UK and the EU.

The GBP/USD is trading at 1.2939, up by 0.46%, its best level since March 11.

Support Levels: 1.1668 – 1.1586 – 1.1529

Resistance Levels: 1.1807 – 1.1864- 1.1946

Tags

Check Also

Dollar dips as dovish Fed comments weigh; euro steadies, yen firms on rising JGB yields

The U.S. dollar edged lower on Tuesday as investors digested dovish remarks from Federal Reserve …

This site contains information and opinions for the purpose of providing only general information and can not be relied upon. The information and opinions contained in this Site shall in no way constitute an offer or solicitation to buy, sell or subscribe to any investment product. Users of this site shall bear any risks arising from the use of any information, opinion, program, service or material. Noor Trends reserves the right to make any change to the Site, the information, opinions, materials, products, programs, services or prices (if any) at any time without notice.
All copyrights reserved Noor Trends