GBP/USD Ready for Final result of EU-UK Commerce Talks

GBP worth, Brexit information and evaluation:

• GBP/USD seems to be caught in a broad band between slightly below 1.33 and 1.3440 because the markets react to indications that the EU-UK talks on their relationship post-Brexit are making progress or are reaching impasse.
• French President Emmanuel Macron seems decided to take a tough line on fishing however UK Schooling Secretary Gavin Williamson and Irish International Minister Simon Coveney each mentioned Thursday that good progress is being made.

GBP/USD at mercy of Brexit headlines

GBP/USD and the GBP crosses proceed to be buffeted by headlines suggesting the EU-UK talks on their relationship as soon as the Brexit transition interval ends on December 31 are making progress or nearing breakdown.

On one facet, French President Emmanuel Macron continues to oppose any deal that blocks widespread entry to UK waters for French fishermen. On the opposite, UK Schooling Secretary Gavin Williamson mentioned Thursday that good progress is being made within the talks. Eire’s International Minister Simon Coveney was additionally optimistic, saying there’s a good probability of a deal within the subsequent few days.

That was broadly optimistic for GBP/USD, although it may simply be knocked down once more by the subsequent headline suggesting roadblocks stay.

GBP/USD Worth Chart, One-Hour Timeframe (November 19 – December 3, 2020)

Chart by IG (You’ll be able to click on on it for a bigger picture)

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— Written by Martin Essex, Analyst

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