GBPUSD Hits Two-Week High: What’s Driving This Rally?
The GBPUSD pair gained considerable traction during Friday’s Asian session. The currency pair reached a two-week peak of around 1.2715, demonstrating a positive trend. This upward movement reflects a rise of over 200 pips from its weekly low. Recent trading patterns show a recovery from levels below 1.2500, which were last seen in May 2024. The subdued demand for the US dollar (USD) has contributed to this rally. Traders should watch this trend closely as it may signify a potential shift in the currency market.
Newsletter
Get Every Weekly Update & Insights
[mc4wp_form id=]