Pound Sterling Price News and Forecast: GBP/USD regains upside momentum
|GBP/USD approaches 1.2300 as Brexit woes battle softer USD ahead of US Consumer Confidence
GBP/USD grinds higher around the intraday top near 1.2285, following a sluggish start to the week, as buyers cheer the US dollar weakness during Tuesday’s Asian session. In doing so, the Cable pair ignores recent negative news surrounding Brexit, as well as the UK’s political jitters. That said, the UK policymakers in the House of Commons voted in favor of the Northern Ireland Protocol (NIP) Bill late Monday.
GBP/USD outlook: Directionless mode extends, awaiting fresh signal
Cable enters the US session on Monday in red after short-lived rally, inspired by renewed risk mode, pushed the price to a ten-day high in early European trading. The price remains within the range which extends into sixth consecutive day, defining near-term price action as directionless, capped by daily Kijun-sen and supported by daily Tenkan-sen, after the action repeatedly failed to register a clear break on either side.
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