Brexit Outlook and Sterling (GBP/USD) Price, Analysis and Chart:
- A deal is looking increasingly unlikely
- Sterling down across the board
The latest round of negative EU/UK trade talks rumors has pushed Sterling lower and back to around 1.3250 against the US dollar. According to a Bloomberg report, sources with knowledge of last night’s discussions say that it may be impossible to reconcile the two sides’ differences and that a no-deal Brexit is the likely outcome. This is only one of many reports and as always caution should be used when looking at sources reports.
British Pound (GBP) Latest: GBP/USD Under Pressure as Brexit Endgame Nears
Sterling has been weak all morning and has taken another leg lower going into the US open. Sterling is down by nearly 0.8% against the Euro at 0.9100, down by 1% against the Canadian dollar (1.6960) and the New Zealand dollar (1.8855), and is around 0.65% lower against Sterling at 1.3270.
GBP/USD 5-Minute Price Chart (December 10, 2020)
| Change in | Longs | Shorts | OI |
| Daily | -3% | -9% | -5% |
| Weekly | 6% | -10% | 0% |
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What is your view on Sterling – bullish or bearish?? You can let us know via the form at the end of this piece or you can contact the author via Twitter @nickcawley1.
