Cable bounces from a daily low at 1.2430 (the lowest since May 19, after being hit by the story about confidence vote on PM Boris Johnson. Although Johnson survived the vote, he suffered significant political damage as 41% of Conservative MP’s voted against him, with focus on two elections on June 23, which would further […]

The post GBP/USD: Keeps Traction But Downside Remains at Risk as Negative Tone Prevails in Fundamentals appeared first on Action Forex.