Technical Pound Sterling Analysis: GBP/USD Risks Leaving Upside Channel, GBP/EUR Eyes 1.0800 Posted by Konstantin Anissimov
GBP/USD
The key event of the 7th December week for GBP/USD was Brexit trade deal talks between British Prime Minister Boris Johnson and European Commission President Ursula von der Leyen during dinner in Brussels on Wednesday, 9th December. The official statement of both sides remaining ‘far apart’ after the end of the dinner increased selling pressure behind cable on Thursday and Friday.
GBP/USD opened the week of 7th December at 1.3409 and took a downswing of 193 pips between 6:00 and 10:00 UTC. Later in the day, high-level volatility continued, and the pair managed to recover much of the losses, closing Monday’s session at 1.3375. On Tuesday, 8th December, the pair continued slipping downwards and edged down to a local low of 1.3289 mid-day. The losses were largely retraced later in the day, with the p
Russian Rouble Predicted To Strengthen Further, Political Risk Significant Headwind
exchangerates.org.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from exchangerates.org.uk Daily Mail and Mail on Sunday newspapers.
Pound Sterling Gaps Higher Vs Euro And Dollar As UK/EU Agree To Go Extra Mile
exchangerates.org.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from exchangerates.org.uk Daily Mail and Mail on Sunday newspapers.