Fundamental OverviewThe USD got a boost last week from the strong US PMIs which lifted Treasury yields and put in question the rate cut in September. Once the market digested the report and saw that there was more good news on the growth side than bad news on inflation, the USD strength faded fast. The GBP, on the other hand, has been supported by a slightly more hawkish repricing in interest rates expectations following the hot UK CPI report last week. GBPUSD Technical Analysis – Daily TimeframeOn the daily chart, we can see that GBPUSD has been bouncing around the 1.27 handle recently with many economic data leading to an erratic price action. The bullish momentum seems to be intact and t
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