Skip to Content
News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.

Free Trading Guides
Please try again

Live Webinar Events


Economic Calendar Events


Notify me about

Live Webinar Events
Economic Calendar Events






More View More
British Pound (GBP) Latest: GBP/USD Still Sliding Lower as Brexit Talks Continue

British Pound (GBP) Latest: GBP/USD Still Sliding Lower as Brexit Talks Continue

What's on this page

GBP price, Brexit news and analysis:

  • GBP/USD continues to slide modestly lower as the EU-UK talks on a trade deal once the Brexit transition period ends keep going.
  • However, no progress is likely before the US elections next Tuesday so GBP/USD could yet move lower still.

GBP/USD slide persists

The recent trend lower in GBP/USD persists, and there could yet be further modest falls, although support remains close to the 1.30 level.

GBP/USD Price Chart, One-Hour Timeframe (October 20-27, 2020)

Latest GBP/USD price chart.

Chart by IG (You can click on it for a larger image)

GBP Forecast
GBP Forecast
Recommended by Martin Essex, MSTA
Download our fresh Q4 GBP forecast
Get My Guide

For GBP/USD, the next big move is likely to be prompted by any signs of progress – or the lack of it – in the talks between the EU and the UK on their relationship once the Brexit transition period ends on December 31.

For now, hopes are high that a deal, albeit a very sketchy deal, can be reached eventually but nothing is likely before next Tuesday’s US elections.

In the meantime, GBP/USD will likely be buffeted by the rise in coronavirus cases in the US and Europe, and the lack of an agreement on a US stimulus package, although Nancy Pelosi, the speaker of the US House of Representatives, says she remains hopeful.

Starts in:
Live now:
Nov 28
( 03:11 GMT )
Recommended by Martin Essex, MSTA
Weekly Commodities Trading Prep
Register for Webinar
Join Now
Webinar Has Ended

We look at currencies regularly in the DailyFX Trading Global Markets Decoded podcasts that you can find here on Apple or wherever you go for your podcasts

--- Written by Martin Essex, Analyst

Feel free to contact me on Twitter @MartinSEssex

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.