The pond could have been under a lot of pressure today if Boris Johnson had not won the no-confidence vote. The market hates surprises and uncertainty, but as it is, things are back to normal. The US dollar is gaining strength and could be about to embark on a bull run into the next FOMC meeting. This Friday CPI will add fuel to the directional movement. Some traders on the GBPUSD will have been stopped into a short trade following a breakout of a range that spans several days. We now wait to see if they are trapped short.
For more trading details, please check the hyperlinks with time stamp indicated from the video: