Listen to the latest market mood for the GBPUSD pair.

Weak GBP, Strong USD

EU leaders are poised today to say that no breakthrough has been found in Brexit talks and are poised to vow to step up preparations for a no-deal Brexit according to a draft document. This announcement comes ahead of UK’s PM Johnson’s call with European Commission president von der Leyen and the council President Michel Barnier.

With the USD showing some strength as the trade on a Biden, victory takes a breather expect GBPUSD sellers at market.

Trade Risks: The main risk to this trade is optimistic news headlines on a Brexit deal breakthrough.

HYCM Lab is a financial analysis source that provides regular insights on how global news affects the markets including forex, commodities, stocks, indices, and cryptocurrencies*. Run by the HYCM team, it equips traders with everything needed to make informed trading decisions.