GBP/USD has started the week quietly. The pound is currently trading at 1.2342, almost unchanged. With US markets closed for Memorial Day, I expect little movement from GDP/USD during the day. US debt ceiling crisis averted After weeks of uncertainty, the US debt ceiling crisis appears over. The US has never defaulted on its debt, so one could argue that the crisis was manufactured by lawmakers who were intent on playing a high-stakes game of brinkmanship. The uncertainty jarred the markets, as risk sentiment fell and US yields and the US dollar moved higher. There’s little movement in the markets today with US ... (full story)