Pushing against the growing dollar is not an easy task, I have to say. And not a lot of assets can do it even with the proper stimuli. After all, dollar is the dominating currency in the world and pushing against it is a hard task. But it seems that one currency managed to pull a trick and grew against the greenback, having found proper power for it, of course.

I am talking about an unexpected rise of GBP against the greenback, of course. As you all probably know, trade talks have been the reason for our joy these past few days. But today the real effect of trade talks on the greenback became very obvious – they are very uplifting for USD. And of course, all of the other main currencies felt this too, by being down against USD. Weirdly, pound found a foot to stand in and now we can say that post-Brexit-attempt time is doing GBP a lot of favors.

You see, we were not expecting to see British economic data upbeat. In fact, we were thinking that all that we were going to get was going to be a further downer for the currency. But it looks like even neutral information can get us the result we need with GBP as flat data from service sector made it possible for GBP to flirt with $1.29 per dollar point. This might be nothing compared to the historical highs of the currency, but in the current situation we take what we are given.

Watch out for the next GBP/USD breakout with our trading signals.