Tue, 21 Mar 2023 08:16:07 GMT
GBP/USD reaches above high levels
The GBP/USD has continued to surge, as the rate has passed above the February high level at 1.2270. However, on Tuesday morning the pair appeared to have started a minor decline. The decline was attributed to a consolidation prior to the US Federal Reserve Rate hike scheduled for Wednesday.
In the case the rate extends its decline, support might be found