The British pound is slightly lower on Tuesday, after posting sharp gains a day earlier. Currently, GDP/USD is trading at 1.3963, down 0.16% on the day. The pound was red-hot at the start of the week, posting gains of 1.1% on Monday. This marked the pound’s best one-day performance since January 12th. Earlier in the day, GBP crossed above the 1.40 line, which has psychological significance, for the first time since March 18th. The pound is on a strong upswing and appears poised to push into 1.40-territory shortly. The US dollar had a dismal start to the week, and the pound took full advantage of weaker sentiment ... (full story)