- Hopes are rising that the EU and the UK will reach a trade a deal agreement. albeit a very limited one.
- GBP/USD could be set for more gains, although negative headlines could cap gains.
GBP/USD UNDERPINNED BREXIT TRADE DEAL OPTIMISM
GBP/USD pared losses from Thursday and Friday last week and looks set to continue its rally as Brexit trade talks continue. Once more, this week has been labelled a critical week crucial one for the talks. However, there is still a significant distance between the two sides.
Whilst we wait GBP/USD and EUR/GBP could see heightened volatility as the Pound reacts to positive and negative headlines.