The pound won the series of victories when the US dollar was wea
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GBP/USD closed on Thursday around 1.2200, the highest level in a week, after the Bank of England kept interest rates unchanged and supported by a weaker US dollar. DXY lost ground amid risk appetite. The US employment report will be released on Friday.
Furthermore, from the 4-hour analysis chart, the upward trend is still operating well with continuous price increases and no significant signs of a notable decline in GBP that could cause it to become unstable.
GBP/USD closed on Thursday around 1.2200, the highest level in a week, after the Bank of England kept interest rates unchanged and supported by a weaker US dollar. DXY lost ground amid risk appetite. The US employment report will be released on Friday.
Furthermore, from the 4-hour analysis chart, the upward trend is still operating well with continuous price increases and no significant signs of a notable decline in GBP that could cause it to become unstable.
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