Pound Sterling is recovering against Dollar
The British pound has increased in value over the course of the past week in line with an ongoing improvement in investor sentiment.
The British pound has risen on Brexit hopes
Information is not investment advice
GBP/USD has risen by more than 80 pips as the British PM Boris Johnson succeed in backing his Brexit plan by his colleagues in the Conservative party. The cable has tested the resistance at 1.2380 on the news. If it is broken, the next key resistance level will lie at 1.2419. From the downside, it is recommended to pay attention to the support levels at 1.2315-1.2324. The next support lies at 1.2294.
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