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.

0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
EUR/USD
Bullish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
More View more
British Pound (GBP) Latest: GBP/USD Waiting for Outcome of EU-UK Trade Talks

British Pound (GBP) Latest: GBP/USD Waiting for Outcome of EU-UK Trade Talks

Martin Essex, MSTA,

GBP price, Brexit news and analysis:

  • GBP/USD looks to be stuck in a broad band between just under 1.33 and 1.3440 as the markets react to indications that the EU-UK talks on their relationship post-Brexit are making progress or are reaching deadlock.
  • French President Emmanuel Macron appears determined to take a hard line on fishing but UK Education Secretary Gavin Williamson and Irish Foreign Minister Simon Coveney both said Thursday that good progress is being made.
Advertisement

GBP/USD at mercy of Brexit headlines

GBP/USD and the GBP crosses continue to be buffeted by headlines suggesting the EU-UK talks on their relationship once the Brexit transition period ends on December 31 are making progress or nearing breakdown.

On one side, French President Emmanuel Macron continues to oppose any deal that blocks widespread access to UK waters for French fishermen. On the other, UK Education Secretary Gavin Williamson said Thursday that good progress is being made in the talks. Ireland’s Foreign Minister Simon Coveney was also optimistic, saying there is a good chance of a deal in the next few days.

Introduction to Forex News Trading
Introduction to Forex News Trading
Recommended by Martin Essex, MSTA
Introduction to Forex News Trading
Get My Guide

That was broadly positive for GBP/USD, though it could easily be knocked down again by the next headline suggesting roadblocks remain.

GBP/USD Price Chart, One-Hour Timeframe (November 19 – December 3, 2020)

Latest GBP/USD price chart.

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

GBP/USD Bullish
Data provided by
of clients are net long. of clients are net short.
Change in Longs Shorts OI
Daily -14% 5% -6%
Weekly -32% 35% -10%
What does it mean for price action?
Get My Guide

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

You can find out how and when to buy or sell in FX trading by following this link

--- 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.

DISCLOSURES