Q1 Outlook: GBP/USD Eyeing a Transfer to 1.3700Now that the UK Basic Election is out of the way in which, with Conservative chief
Q1 Outlook: GBP/USD Eyeing a Transfer to 1.3700
Now that the UK Basic Election is out of the way in which, with Conservative chief Boris Johnson profitable a big, working, majority, the backdrop for Sterling within the short-term appears constructive and up to date highs could give manner and permit for additional features. These features are prone to made slowly as year-end disruption and fears over the upcoming EU-UK commerce talks will pare again bullish sentiment.
GBP/USD Charge Chart (Chart 2)
GBP/USD traded as excessive as 1.3515 simply after the UK exit polls had been launched and has struggled to re-take that stage within the final couple of days. The technical set-up for the pair stays constructive and over the subsequent quarter, a break and shut above right here exposes the 1.3700 stage which must be the short-term goal.
Looking for the full guide? Full Q1, 2020 Forecasts will be released on Monday, December 23.