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Pound To Dollar Week-Ahead Outlook: GBP/USD Yoyos As No-Deal Brexit Odds Skyrocket

The Pound-to-Dollar exchange rate gapped higher on the Asian market open, as increasing odds of a Brexit trade deal push GBP/USD a further 0.51% higher on the day to trade around 1.33847. GBP/USD sold off on Friday following failure at tough resistance at the 1.3500/1.3540 recent high and December 2019 high says Karen Jones, analyst at Commerzbank. It has bounced from the 55 day moving average at 1.3137, but this has not been enough to restore the up move and for now the 5 month uptrend at 1.3056 remains pivotal. The GBP/USD exchange rate was met by a clearing bias last week, which resulted in the pair shedding approximately three cents to fall to a new three-week low.

Pound-New Zealand Dollar Rate Hits Mid-2019 Low, Where Next For GBP/NZD?

Ahead of the European open, the Pound to New Zealand Dollar (GBP/NZD) exchange rate is seen quoted around the 1.87873 level, a 0.14 percent rise on the daily open. Pound Sterling saw a strong open across the board on Sunday after a joint statement was released from PM Johnson and EU President von der Leyen, saying talks will continue this coming week Mounting anxiety over the prospect of a no-deal Brexit saw the GBP/NZD exchange rates slump sharply ahead of the weekend. As European Commission president Ursula von der Leyen warned EU leaders that a no-deal scenario now looks more probable than a deal the mood towards the Pound weakened significantly.

Brexit Analysis Latest 13 12 2020: Analyst Views, FX Forecasts And Exchange Rate Implications

Brexit Analysis Latest 13 12 2020: Analyst Views, FX Forecasts And Exchange Rate Implications
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