Report on Sky news
That has led to a move higher in the GBPUSD over the last 15 or so minutes.
Technically, the price moved above the 200 hour MA at 1.2367 and the 100 hour MA at 1.2500 area. We currently trade at 1.24846 – above the 200 hour MA but below the 100 hour MA. The high extended to 1.2513 on the move higher. Stay above the 1.2467 is more bullish now.