Pound among top performers of the day, not affected by risk aversion. Cable rises to 1.3220 ignoring greenback’s momentum. The GBP/USD pair rose extended gains during the US session despite the rally of the greenback. It printed a fresh daily high at 1.3223, slightly below yesterday’s high. As of writing it is hovering below 1.3200, consolidating gains and almost 200 pips above Thursday’s low. The rebound that started yesterday continued today even as the US dollar jumped across the board favor by risk aversion. Wall Street is falling by more than 1.30% and US bonds are soaring. Fears of a recession intensified today following the inversion of the Treasury yield curve and also after the US PMI report. Earlier today, the EZ PMI triggered a decline in equity markets and favored the greenback on a flight-to-safety, amid concerns of the slowdown in economic growth. The pound is among the few currencies to be up versus the greenback on Friday. Brexit developments continue to be the key driver. The latest headline came from Irish PM Varadkar who said there won’t be further extensions for the UK. Next week, PM May is expected to bring again her deal for a vote in the Parliament (Tuesday or Wednesday). GBP/USD Levels to watch To the upside, the immediate resistance is seen at 1.3220/30 (Mar 21 & 22 high), 1.3260 and 1.3295/1.3300 (Mar 15 & 18 high). On the flip side, support levels might lie at 1.3160 (European session high), 1.3080 (Mar 22 low) and 1.3020. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Friday proved to be a dramatic day for USD/TRY – Rabobank FX Street 4 years Pound among top performers of the day, not affected by risk aversion. Cable rises to 1.3220 ignoring greenback's momentum. The GBP/USD pair rose extended gains during the US session despite the rally of the greenback. It printed a fresh daily high at 1.3223, slightly below yesterday's high. As of writing it is hovering below 1.3200, consolidating gains and almost 200 pips above Thursday's low. The rebound that started yesterday continued today even as the US dollar jumped across the board favor by risk aversion. Wall Street is falling by more than 1.30% and US bonds are soaring.… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.