Each the euro and pound are actually down 0.3% in opposition to the greenback on the day. Whereas EUR/USD is poised for a downside break, GBP/USD appears to be doing the identical because it trades beneath 1.2600 at present:
GBP/USD each day chart
The pair had been holding in between a variety of 1.2600 to 1.2800 since mid-December. That represented a consolidation part of types however lastly, sellers look like attempting to shake it off.
A agency each day shut beneath 1.2600 will hold the draw back stress rising. And that can name into query a take a look at of its 200-day shifting common (blue line) subsequent, seen at 1.2560 at present.
