Market Overview

GBP/USD Little Higher, UK Trade Deficit Widens

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GBP/USD is trading at 1.2957, up 0.0051.

The pair is trading just under the highs of the session.

Market chatter about global headline news and the impacts from Brexit is making the rounds.

The U.K. Office for National Statistics trade figures showed a wider trade deficit in May to 2.263 billion Sterling
from 1.95 billion in April. Exports declined the most in ten months and imports fell for the first time this year.

Trading is rangebound and the overnight range is narrow. Chatter about U.S. payroll figures due out later this morning is starting to show up.

Posted-In: british pound GBP/USDFutures Forex Markets

 

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