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Maroc Maroc - FINANCIALMIRROR.COM - A La Une - 15/Nov 13:19

GBP gains ground as USD traders take profit

GBPUSD edged higher on Friday, reaching the 1.2680s, as traders reduce their short exposure before the weekend. The British pound-dollar currency pair claws its way up from intraday oversold levels reached on Thursday when it registered near 2.0% losses on the week. This came after the US Dollar outperformed due to positive US economic data, the residual effect of Trumponomics, and upbeat comments from the Federal Reserve Chairman Jerome Powell. See video: Donald Trump and foreign policy By rights, the pair should still be falling after the release of weak UK growth on Friday. However, it is possible traders are

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