The pound, this week, has largely benefited from the USD weakness across the board and has managed to hold itself above 1.2200 and yesterday, we saw it break through 1.2300 as well and make a run to the range highs at 1.2350. It continues to sit near the range highs as of this morning and the risks of a Trump victory in the US Presidential elections has certainly benefited the pound.It is going to be a key day in the week for what has already been a highly volatile week for GBPUSD. We have a whole range of news and events lined up for the pound today and the users would be well advised to fasten their seat belts for a rollicking day.
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