GBP/USD Rates Buoyed by Extended Brexit Talks But Will Rally Last? 2020-12-14 08:00:00 Daniel Moss, Analyst British Pound, GBP/USD, Extended Brexit Negotiations, IGCS – Talking Points: Equity markets broadly gained during APAC trade as investors cheered stimulus progress and the impending deployment of Pfizer’s Covid-19 vaccine in the US. Extended Brexit negotiations may underpin the British Pound in the near term. However, the lack of meaningful progress on several key issues suggests that a no-deal scenario is still a likely possibility. GBP/USD rates could be poised to extend losses as prices carve out a Double Top reversal pattern.