The GBPUSD pair regained the 1.30 level after trading as low as 1.2860 recently. It proves, once again, that the 1.30 is pivotal for the rest of the year, as it was during the last several months. The big question at this point is if it manages to hold above the level. Also, is this a USD move or a GBP move? Judging by how the USD reacts on the FX dashboard, we may say that this is a USD move. The USD started today on a weak foot, despite the better than expected ISM Manufacturing data seen yesterday. The ISM Manufacturing literally obliterated the 55.6 forecast by coming out at 59.3. It is a huge difference from ... (full story)