GBP/USD fluctuates stable below 1,2500

Dear friends, Currently, the GBP/USD is fluctuating around the level of 1.2490 after witnessing a significant increase of 1.79%, reaching the area of 1.2500 following the release of weaker-than-expected US inflation data overnight.

At the time of writing, the price is trading at 1.2492, benefiting from the weakening US dollar and the decrease in US Treasury bond yields. Therefore, the main trend of this currency pair is upward. Fjiolla's long-term view is at 1.2765.

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