Dec 21, 2020 18:22 GMTFXStreet News
GBP/USD continues to recover from its earlier sub-1.3200 lows, the pair currently trading just under 1.3350.
However, sterling is still the worst performing G10 currency on the day as a no-deal Brexit looms and new Covid-19 strain rages.
GBP/USD has continued to crawl higher in recent trade and has now managed to recover back to 1.3350, a decent more than 150 pip turnaround from earlier lows at 1.3188. At present, the pair trades with losses on the day of around 1.2% or well over 150 pips.
Pound sterling is the worst performing G10 currency on the day amid a double whammy of 1) Brexit angst and 2) concerns regarding the spread of this newly discovered, much more virulent strain of Covid-19 in London and the South East.