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Amega Global Ltd is an investment company authorised and regulated under the Financial Services Commission, Mauritius, Investment Dealer Licence: GB22200548. Findeavour Ltd is authorised as a technology service provider to Amega Global Ltd. Company number 12971852, United Kingdom.
No services are provided to residents or citizens of the USA, North Korea, Iran, Mauritius and the Russian Federation. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Please read and ensure you fully understand our Risk Disclosure Policy before investing.
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GBPUSD overview 28.12.2020
Sterling falls on pandemic aid package.
Sterling continues to decline as the markets are welcoming the fact that Trump has passed pandemic aid package – after long and tedious negotiations in US Congress. Trump signed into law the $2.3 trillion pandemic aid and spending package – restoring unemployment benefits to millions of Americans and preventing a federal government shutdown. The Brexit deal reached last Thursday does not cover financial sector of UK – EU has made no decision yet on whether to grant Britain access to its financial market – which means , that the deal would not prevent economic pain and disruption for the United Kingdom or for EU member states in the near-term – which is adding to the year-end sterling long-covering – which is dragging GBPUSD down.
Expect sellers on upward corrections.
Next support to watch – 1.3347
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