Forex analysis | Amega Forex Broker

GBPUSD overview 18.12.2020

18 декабря 2020 Amega

Sterling reverses gains on Brexit fears, new lockdown measures.

Sterling remains under bearish pressure after European Union chief negotiator Michel Barnier warned that there were just hours left to reach a Brexit trade deal with UK. His latest remarks to the the European parliament that the path to an agreement was “very narrow” are also weighing on the Sterling. The other part of the pair – US dollar is also exerting the bearish pressure on this currency pair – as the result of the medium-strength safe-haven dollar inflows as the market’s attention is on the governments renewing virus curbs across Europe. Traders’ attention has shifted to the fact that that the mass vaccination will take some time to start have measureable effect on the current epidemic – which is adding to USD gains.

Expect sellers on upward corrections.

Next support to watch – 1.3495

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