GBP/USD Value Evaluation & InformationGBPUSD Slides with PM Johnson Anticipated to Announce One other Nationwide Lockdown COV
GBP/USD Value Evaluation & Information
- GBPUSD Slides with PM Johnson Anticipated to Announce One other Nationwide Lockdown
- COVID Menace Raised to Highest Alert Stage
UK PM Johnson is scheduled to handle the nation at 20:00GMT with expectations {that a} nationwide lockdown just like March 2020 might be introduced. This comes amid the hovering variety of COVID circumstances ensuing within the COVID alert stage shifting to five, in accordance with a BBC reporter. As a reminder, PM Johnson earlier acknowledged that more durable measures than the present tier four restriction might be wanted in gentle of the surge in COVID circumstances, whereas Scotland additionally introduced it’s going to go right into a nationwide lockdown for the rest of January.
GBP: The Pound is underperforming, having earlier examined 1.3700, GBP/USD is again beneath 1.3600, to hit a low of 1.3575 on the time of writing. In flip, the calls of a potential double-dip recession will possible develop louder given the anticipated announcement.
| Change in | Longs | Shorts | OI |
| Every day | 18% | -10% | 0% |
| Weekly | -21% | 10% | -6% |
FTSE 100/FTSE 250: In contrast to the extra domestically targeted FTSE 250, the FTSE 100 has managed to carry onto its broad positive aspects with a weak Sterling underpinning the index. Nonetheless, dangers are tilted to the draw back, with 6600 underneath menace, opening the doorways for a transfer to 6500.
Really useful by Justin McQueen
Obtain our contemporary Q1 2021 GBP Forecast
GBP/USD Chart: Every day Timeframe
Supply: IG