Forex analysis | Amega Forex Broker

GBPUSD overview 28.12.2020

28 Tháng Mười Hai 2020 Amega

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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