GBP/USD Pair Retreats From Recent Highs Despite USD Firmness

Monday, 15 July 2024, 00:44
The GBP/USD pair experienced a corrective pullback following a recent upward trend, reaching its peak since July 2023. Despite minor support for the US dollar, the downside movement appears limited for now.
Fxstreet
GBP/USD Pair Retreats From Recent Highs Despite USD Firmness

GBP/USD Pair Correction

The GBP/USD pair has encountered selling pressure during the Asian trading session on Monday.

Recent Highs

The pair had been on a three-day winning streak, touching the 1.3000 mark, the highest level seen since July 2023.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

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