GBPUSD runs higher into the Friday fixing
Evan's is more dovish too
The GBPUSD is moving higher and trading at a new session high as the Friday fixing approaches at the top of the hour and Fed's Evan is a bit more dovish (see a couple cuts, focused on global growth slowing and risk to inflation).
The 1.2570 area is topside target. That is the 38.2% of the move down from teh June 25 high and high from yesterday. The pair is also moving away from the 200 hour MA (See earlier post).