GBP/USD (current price: 1.3175)
The Pound got back to the 1.32 level compared to the USD yesterday as Friday’s mini-panic is now erased by the currency. Cable has been trending higher last week, as most economic indicators showed a resilient British economy, despite the growing doubts about the Brexit vote. International sentiment remained bullish towards risk assets, and that pushed the pair higher towards the short-term resistance levels near 1.3285 and 1.3550 after trading as low as 1.2850 two weeks ago.
Our assessment: The cross is in a short-term uptrend currently, and further upside is possible if economic indicators remain promising.
