{"id":105669,"date":"2020-10-07T17:00:57","date_gmt":"2020-10-07T16:00:57","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=105669"},"modified":"2020-10-07T21:12:07","modified_gmt":"2020-10-07T20:12:07","slug":"104486-gbp-usd-steady-amid-looming-brexit-deadline","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/104486-gbp-usd-steady-amid-looming-brexit-deadline\/","title":{"rendered":"GBP\/USD Steady Amid Looming Brexit Deadline"},"content":{"rendered":"<ul>\n<li style=\"font-weight: 400;\"><strong>GBP\/USD trades below 1.30 resistance lacking direction.<\/strong><\/li>\n<li style=\"font-weight: 400;\"><strong>The par could continue to tread water ahead of the European Council meeting, when EU leaders assess progress of the UK \u2013 EU trade talks<\/strong><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">GBP\/USD trades flat just under resistance at 1.30, the pair lacks direction.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">As the chart below shows, 1.30 is a psychologically important number, it also capped gains mid-September before GBP\/USD eased back. There is solid support at 1.2785 (100 day moving average) beyond 1.30 further resistance is seen at 50-dma at 1.3032 \u2013 all recent trading has remained within that channel.<\/span><\/p>\n<p><b>EU LEADERS TO MEET ON BREXIT<\/b><\/p>\n<p><span style=\"font-weight: 400;\">This sideways movement could remain pre-European Council meeting on Thursday and Friday next week. Here, EU leaders will meet in Brussels to discuss progress in the trade talks so far.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Recent headlines from the latest round of talks have been mixed. Broadly speaking a bare-bones deal is considered the base case scenario agreed by the end of next week, with additional talks to take place until the year-end.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">UK trade secretary Liz Truss was more optimistic than EU officials, at least in public about a deal being achieved.<\/span><\/p>\n<p><b>UK house price rise<\/b><\/p>\n<p><span style=\"font-weight: 400;\">The Halifax house price index jumped by 1.6% in September, and 7.3% YoY , up from the previous 5.2% a sign the\u00a0 UK housing market remains buoyant.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>GBP\/USD trades below 1.30 resistance lacking direction. The par could continue to tread water ahead of the European Council meeting, when EU leaders assess progress of the UK \u2013 EU trade talks GBP\/USD trades flat just under resistance at 1.30, the pair lacks direction. As the chart below shows, 1.30 is a psychologically important number, [&hellip;]<\/p>\n","protected":false},"author":163946597,"featured_media":5527,"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-105669","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 Steady Amid Looming Brexit Deadline - 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\/104486-gbp-usd-steady-amid-looming-brexit-deadline\/\" \/>\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\\\/104486-gbp-usd-steady-amid-looming-brexit-deadline\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104486-gbp-usd-steady-amid-looming-brexit-deadline\\\/\"},\"author\":{\"name\":\"Fiona Cincotta\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/8ef0fafb6c93f1204150bb907b42cfec\"},\"headline\":\"GBP\\\/USD Steady Amid Looming Brexit Deadline\",\"datePublished\":\"2020-10-07T16:00:57+00:00\",\"dateModified\":\"2020-10-07T20:12:07+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104486-gbp-usd-steady-amid-looming-brexit-deadline\\\/\"},\"wordCount\":215,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104486-gbp-usd-steady-amid-looming-brexit-deadline\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100603-gbp-usd-dollar-dips-fed-cut-fears.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\\\/104486-gbp-usd-steady-amid-looming-brexit-deadline\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104486-gbp-usd-steady-amid-looming-brexit-deadline\\\/\",\"name\":\"GBP\\\/USD Steady Amid Looming Brexit Deadline - 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