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.