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The Pound US Dollar (GBP/USD) exchange rate is recovering after two days of losses. The pair trades +0.3% as it pushes back above US$1.31.

There is little driving the Pound as investors look beyond Brexit uncertainties and await CBI industry distributive trends data.

The US Dollar is out of favour amid a broad risk on mood in the market owing to encouraging US – Sino trade talks and coronavirus treatment developments.

Investors will now look towards US Consumer confidence data. This is expected to show morale is improving again after falling July as the second wave of coronavirus hit the US.