GBPUSD : Stable movement in the price increase channel

Hello everyone, Brian here. Today, after experiencing a downturn in the first half of Thursday, GBP/USD made a turnaround, posting a slight daily increase. The pair continued its recovery into early Friday, trading slightly above the 1.2550 mark in a positive zone.

Wall Street indices opened in the green and climbed higher on Thursday. The U.S. Dollar (USD) continued to lose appeal amid a risk-averse market atmosphere, which in turn provided momentum to GBP/USD.