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Pound Rises Above 1.2250

Adel 8 July, 2020 12:14 pm Breaking News, Market Update

British Pound higher against USD just above 1.2550, 0.08% on a day, the highest level since June 17, the cable (GBP/USD) was drawing a bullish picture on 4-hours chart with a bullish momentum.

The cable broke above a downtrend support line that capped it since late June. Resistance awaits at 1.2590 then 1.2680, mid-June high.

The US dollar, measured by DXY, fell $0.03 at 96.8740

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