The GBP/USD is presently consolidating within a narrow range right around 1.5280 after its push back up 1.53 and then easing off from that level. Throughout the last couple of days, the 1.52 has also played a key role in providing support for the pound. It has also in the last couple of days moved to its lowest point in two weeks. It has also formed a lower peak on the daily chart around 1.5350 which has seen it follow up and move back down to 1.5250. The 1.54 level still looms large and will no doubt play a role if the GBP/USD rallies and moves back towards that level. The last week or so has seen the GBP/USD run ... (full story)