It's just a correction
After testing the 1.20 level amidst positive inflation and retail sales data in the US, the GBP/USD pair corrected upwards.
After testing the 1.20 level amidst positive inflation and retail sales data in the US, the GBP/USD pair corrected upwards. This was facilitated by reports about the prospects of the UK and EU concluding a new trade agreement. This correction will probably not continue, as there are no sufficient fundamental grounds for a trend change. In that case, we should expect a break below 1.20 on the second or third attempt.
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