Interesting to see $GBPUSD positive today at 1.32431 while $EURUSD is down. Any thoughts on what's driving this divergence? Is it purely UK-specific data, or a broader sentiment shift?
I'm seeing the same thing. My guess is it's mostly driven by the recent UK economic data coming in slightly better than expected, combined with some technical support around the 1.32 level. Still, interesting to see it buck the trend.
Could it be some short covering on GBPUSD after the recent downtrend? The USD strength argument still holds for EUR, so maybe GBP is just reacting to its own internal dynamics and a bit of relief bounce.