{"id":101513,"date":"2020-06-29T03:00:31","date_gmt":"2020-06-29T07:00:31","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=101513"},"modified":"2020-06-29T06:01:47","modified_gmt":"2020-06-29T10:01:47","slug":"103500-gbp-usd-off-monthly-low-ahead-of-brexit-trade-talks","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/103500-gbp-usd-off-monthly-low-ahead-of-brexit-trade-talks\/","title":{"rendered":"GBP\/USD: Off Monthly Low Ahead of Brexit Trade Talks"},"content":{"rendered":"<ul>\n<li><strong>EU-UK policymakers aim for intense talks in Brussels. The EU are looking for compromise, the UK is looking less flexible.<\/strong><\/li>\n<li><strong>Optimism surrounding Boris Johnson\u2019s infrastructure spend boosts <a href=\"https:\/\/currencylive.com\/exchange-rate\/gbp-pound-sterling-live-exchange-rate\/\">Pound<\/a> (GBP)<\/strong><\/li>\n<li><strong>Risk sentiment is weak as coronavirus second wave fears remain and local lockdowns look likely<\/strong><\/li>\n<li><strong><a href=\"https:\/\/currencylive.com\/exchange-rate\/gbp-to-eur-exchange-rate-today\/\">Pound US Dollar exchange rate<\/a> (GBP\/USD) rebounds, target US$1.24<\/strong><\/li>\n<\/ul>\n<p>The Pound is picking up versus the <a href=\"https:\/\/currencylive.com\/exchange-rate\/usd-us-dollar-live-exchange-rate\/\">US Dollar<\/a> (USD) at the start of the week. The Pound US Dollar exchange rate lost -0.2% across the previous week, settling on Friday US$1.2335 just up from a 5-week low hit earlier in the session.<\/p>\n<p>At 06:15 UTC, GBP\/USD trades +0.27% at US$1.2370, snapping three consecutive sessions of losses.<\/p>\n<div class=\"su-button-center\"><a href=\"https:\/\/currencylive.com\/exchange-rate\/gbp-to-usd-exchange-rate-today\/\" class=\"su-button su-button-style-flat button-internalbutton\" style=\"color:#ffffff;background-color:#f92658;border-color:#c81f47;border-radius:5px\" target=\"_self\"><span style=\"color:#ffffff;padding:0px 22px;font-size:17px;line-height:34px;border-color:#fb688b;border-radius:5px;text-shadow:none\"> Check real time GBP to USD exchange rate<\/span><\/a><\/div>\n<p>EU UK post Brexit trade talks start again today and will be key for the Pound. A team of 20 British diplomats headed to Brussels on Sunday for intense face to face talks, the first since Boris Johnson and EU leaders had a video conference to inject political momentum into the process. Whilst there is still hope of a deal being achieved, issues such as fishing, EU judicial power and \u201cthe level playing field\u201d remain contentious.<\/p>\n<p>In other news, Boris Johnson unveiled \u00a31.2 billion infrastructure investment. The Prime Minister will make a speech on Tuesday to set out plans for fast track building projects such as schools, hospitals , housing road and rail in an attempt to get Britain moving\u00a0 again after covid-19.<\/p>\n<p>The US Dollar is trading broadly lower versus its peers, although the mood in the market remains cautious as the number of coronavirus cases across the globe hits 10 million with 500,000 deaths recorded.<\/p>\n<p>The US continues to struggle with rising daily cases in some states. California\u2019s Governor has ordered that all bars close immediately in 7 counties across the state, including Los Angeles, owing to the rapid increase in coronavirus infections over the past two weeks.<\/p>\n<p>However, this was also offset by news elsewhere in New York, Europe and Asia of reopening and economic rebound. According to the Chinese national bureau of statistics, profits at Chinese industrial firms rise for the first time in 6 months in May offering some support to risk sentiment.<\/p>\n<p>Data wise US pending homes sales will be in focus later today, ahead of speech by Jeremy Powell tomorrow and US non farm payrolls later in the week.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>EU-UK policymakers aim for intense talks in Brussels. The EU are looking for compromise, the UK is looking less flexible. Optimism surrounding Boris Johnson\u2019s infrastructure spend boosts Pound (GBP) Risk sentiment is weak as coronavirus second wave fears remain and local lockdowns look likely Pound US Dollar exchange rate (GBP\/USD) rebounds, target US$1.24 The Pound [&hellip;]<\/p>\n","protected":false},"author":163946597,"featured_media":5645,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1379,1381],"tags":[1386,2917,1394,2374,1391,1397,1398],"class_list":["post-101513","post","type-post","status-publish","format-standard","has-post-thumbnail","category-gbp","category-usd","tag-brexit","tag-chinese-industrial-profits","tag-gbp","tag-lockdown","tag-pound","tag-us-dollar","tag-usd"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>GBP\/USD: Off Monthly Low Ahead of Brexit Trade Talks - Currency Live<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/currencylive.com\/news\/103500-gbp-usd-off-monthly-low-ahead-of-brexit-trade-talks\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Fiona Cincotta\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103500-gbp-usd-off-monthly-low-ahead-of-brexit-trade-talks\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103500-gbp-usd-off-monthly-low-ahead-of-brexit-trade-talks\\\/\"},\"author\":{\"name\":\"Fiona Cincotta\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/8ef0fafb6c93f1204150bb907b42cfec\"},\"headline\":\"GBP\\\/USD: Off Monthly Low Ahead of Brexit Trade Talks\",\"datePublished\":\"2020-06-29T07:00:31+00:00\",\"dateModified\":\"2020-06-29T10:01:47+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103500-gbp-usd-off-monthly-low-ahead-of-brexit-trade-talks\\\/\"},\"wordCount\":421,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103500-gbp-usd-off-monthly-low-ahead-of-brexit-trade-talks\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100662-gbp-usd-no-surprise-us-fed.jpg\",\"keywords\":[\"Brexit\",\"Chinese industrial profits\",\"gbp\",\"lockdown\",\"pound\",\"us dollar\",\"usd\"],\"articleSection\":[\"GBP\",\"USD\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2020\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103500-gbp-usd-off-monthly-low-ahead-of-brexit-trade-talks\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103500-gbp-usd-off-monthly-low-ahead-of-brexit-trade-talks\\\/\",\"name\":\"GBP\\\/USD: Off Monthly Low Ahead of Brexit Trade Talks - 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