GBPUSD (1.4235): The British pound edged higher on the day although the momentum was somewhat weaker compared to the euro currency. Regardless, the British pound rose to a fresh monthly high of 1.4244. Any near term declines could see the GBPUSD posting a short term correction to the 1.4162 level in the short term. Establishing support here could see GBPUSD targeting the previous high and potentially breaking out higher in the medium term.
