{"id":105296,"date":"2020-09-25T18:42:33","date_gmt":"2020-09-25T17:42:33","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=105296"},"modified":"2020-09-26T09:16:24","modified_gmt":"2020-09-26T08:16:24","slug":"104461-gbp-usd-struggles-to-recover-bearish-bias-remains","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/104461-gbp-usd-struggles-to-recover-bearish-bias-remains\/","title":{"rendered":"GBP\/USD: Struggles to recover, bearish bias remains"},"content":{"rendered":"<ul>\n<li><strong>GBP\/USD ticked higher adding to Thursday\u2019s gains<\/strong><\/li>\n<li><strong>Renewed optimism of US fiscal stimulus boosted the mood in the market<\/strong><\/li>\n<li><strong>Covid concerns &amp; rising\u00a0 US bond yields underpinned the USD and limited the upside<\/strong><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">The GBP\/USD rose to a three-day high, of 1.2805 in early European trade. GBP steadied after Chancellor Rishi Sunak unveiled the new Job Support Scheme, replacing the furlough scheme. The programme covers two-thirds of the lost wages and is\u00a0 part of a wider winter economic plan to help workers impacted by a resurgent COVID-19 pandemic.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">A slight pick-up in risk sentiment weighed on US Dollar\u2019s safe haven status and remained supportive of gains for the second straight day. Reportedly Democrats in the US House of Representatives are working on a $2.2 trillion fiscal stimulus package. Hopes of a rescue package boosted investors&#8217; confidence and demand for equities.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">GBP\/USD rallied Wednesday\u2019s two-month high, although lacked follow through. Fears are rising that a resurgence of covid-19 will lead to more severe lockdown measures. This combined with concerns of a global economic slowdown, offered some support to the US Dollar through safe haven flows, limiting upside for the GBP\/USD\u00a0 amid rising Brexit fears.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Investors are looking cautious, preferring to sit on the side lines waiting for further Brexit news before taking large positions. The UK economic calendar is light so US price dynamics could remain the driving force. The US economic calendar sees the release of Durable Goods Orders. Other than that, risk sentiment will influence the USD<\/span><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>GBP\/USD ticked higher adding to Thursday\u2019s gains Renewed optimism of US fiscal stimulus boosted the mood in the market Covid concerns &amp; rising\u00a0 US bond yields underpinned the USD and limited the upside The GBP\/USD rose to a three-day high, of 1.2805 in early European trade. GBP steadied after Chancellor Rishi Sunak unveiled the new [&hellip;]<\/p>\n","protected":false},"author":163946597,"featured_media":5649,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1379,1381],"tags":[1394,1888,1398],"class_list":{"0":"post-105296","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-gbp","8":"category-usd","9":"tag-gbp","10":"tag-gbp-usd","11":"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: Struggles to recover, bearish bias remains - 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\/104461-gbp-usd-struggles-to-recover-bearish-bias-remains\/\" \/>\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=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104461-gbp-usd-struggles-to-recover-bearish-bias-remains\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104461-gbp-usd-struggles-to-recover-bearish-bias-remains\\\/\"},\"author\":{\"name\":\"Fiona Cincotta\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/8ef0fafb6c93f1204150bb907b42cfec\"},\"headline\":\"GBP\\\/USD: Struggles to recover, bearish bias remains\",\"datePublished\":\"2020-09-25T17:42:33+00:00\",\"dateModified\":\"2020-09-26T08:16:24+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104461-gbp-usd-struggles-to-recover-bearish-bias-remains\\\/\"},\"wordCount\":262,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104461-gbp-usd-struggles-to-recover-bearish-bias-remains\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100664-gbp-eur-pound-steady-uk-jobs-data.jpg\",\"keywords\":[\"gbp\",\"gbp\\\/usd\",\"usd\"],\"articleSection\":[\"GBP\",\"USD\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2020\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104461-gbp-usd-struggles-to-recover-bearish-bias-remains\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104461-gbp-usd-struggles-to-recover-bearish-bias-remains\\\/\",\"name\":\"GBP\\\/USD: Struggles to recover, bearish bias remains - 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