US dollar recovers ground amid higher US yields and US data. Pound drops amid demands from the pro-Brexit wing of the Conservative Party. GBP/USD erases daily gains, still remains above 1.3200. The GBP/USD pair peaked earlier today at 1.3291, the highest level since last Tuesday. During the last hours pulled back amid a recovery of the US dollar and also amid a decline of the pound and dropped to 1.3223, slightly above Asian session lows. The greenback gained momentum after US retail sales and also amid higher US bond yields. The US Dollar moved off daily lows but it was still mostly lower across the board. US President Trump and Russian President Putin ended its 2-hour meeting. In the UK, Theresa May is facing new demands from pro-Brexit Tories regarding the White Paper presented last week. If the conflict escalates it could put May’s position as PM at risk. The debate at Parliament continues. Regarding data, on Tuesday, UK employment data is due. Technical levels The GBP/USD pair is testing daily lows near the 1.3220 area that is the immediate support. Below the negative tone could increase. Potential support levels are 1.3180 and 1.3145. On the upside, 1.3260 is again a resistance level followed by 1.3290. A daily close above 1.3300 could signal more gains ahead while on the flip side, below 1.3200 could point to a test of 1.3100. 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 Litecoin Technical Analysis: LTC/USD frog leaps over strong resistance trend line, that was containing price for 13 days FX Street 5 years US dollar recovers ground amid higher US yields and US data. Pound drops amid demands from the pro-Brexit wing of the Conservative Party. GBP/USD erases daily gains, still remains above 1.3200. The GBP/USD pair peaked earlier today at 1.3291, the highest level since last Tuesday. During the last hours pulled back amid a recovery of the US dollar and also amid a decline of the pound and dropped to 1.3223, slightly above Asian session lows. The greenback gained momentum after US retail sales and also amid higher US bond yields. The US Dollar moved off daily… 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.
