GPD/USD

Anyone going short on the GBP/USD into the weekend saw great gains. Even if you entered the trade ahead of the 200 pip gain early Friday morning, you would have still made a profit of 100 pip. After hitting its highest point on Saturday at 2.0389, the pair began its slide toward this morning’s low point of 2.0083 marking a nice 300 pip return to those shorting the GBP/USD.