{"id":106024,"date":"2020-10-21T12:58:51","date_gmt":"2020-10-21T11:58:51","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=106024"},"modified":"2020-10-21T12:58:51","modified_gmt":"2020-10-21T11:58:51","slug":"104604-gbp-usd-brexit-uncertainties-could-cap-gains","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/104604-gbp-usd-brexit-uncertainties-could-cap-gains\/","title":{"rendered":"GBP\/USD Brexit uncertainties could cap gains"},"content":{"rendered":"<ul>\n<li><strong>GBP\/USD lacked direction on Tuesday due to numerous diverging factors.<\/strong><\/li>\n<li><strong>Brexit uncertainties &amp; tighter lockdown measures in the UK undermined the pound.<\/strong><\/li>\n<li><strong>US stimulus optimism dragged on the safe-haven USD offering some support.<\/strong><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">The GBP\/USD was driven\u00a0 by a combination of diverging factors yesterday. Optimism surrounding\u00a0 additional US fiscal stimulus supported the upbeat market mood. This weighed on demand for the safe haven US dollar boosting GBP\/USD. The move higher lacked follow-through,and soon ran out of the steam amid ongoing Brexit uncertainties.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The European Commission has said that it is willing\u00a0 to intensify trade talks with the UK. Meanwhile the UK PM&#8217;s spokesperson said that talks would only restart if there was a fundamental change in approach from the EU. Trade talks between the UK and the EU had been in deadlock amid disagreements over fishing access and competition issues.\u00a0 Separately, Britain has also imposed fresh lockdown measures to stem the second wave of the covid, which took its toll on the British pound.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">GBP\/USD declined 70 pips from the day\u2019s high but found some support around 1.2900 on hopes of a pre-election US stimulus package. US President\u00a0 Trump said that he was willing to accept a larger bill, sparking a selloff in\u00a0 selloff on the US bonds pushing the yield\u00a0 on the benchmark 10-year bond to aped four-month highs, pressurising the greenback boosting GBP\/USD in the Asian session on Wednesday.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">GBP\/USD has rallied back to the 1.3000 psychological mark shrugging off mixed UK consumer inflation figures. UK CPI rose+0.4% MoM in September versus+0.5% expected. The annual rate matched forecasts at 0.5%. Core CPI (excluding volatile food and energy items) printed\u00a0 +1.3% YoY versus +0.9% rise recorded in August, in line with expectations. With no more UK economic data due incoming Brexit headlines will continue to drive sentiment surrounding the British pound. On the other hand, US stimulus developments and\u00a0 coronavirus headlines\u00a0 will influence the USD price dynamics<\/span><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>GBP\/USD lacked direction on Tuesday due to numerous diverging factors. Brexit uncertainties &amp; tighter lockdown measures in the UK undermined the pound. US stimulus optimism dragged on the safe-haven USD offering some support. The GBP\/USD was driven\u00a0 by a combination of diverging factors yesterday. Optimism surrounding\u00a0 additional US fiscal stimulus supported the upbeat market mood. [&hellip;]<\/p>\n","protected":false},"author":163946597,"featured_media":5322,"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-106024","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 Brexit uncertainties could cap gains - 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\/104604-gbp-usd-brexit-uncertainties-could-cap-gains\/\" \/>\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\\\/104604-gbp-usd-brexit-uncertainties-could-cap-gains\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104604-gbp-usd-brexit-uncertainties-could-cap-gains\\\/\"},\"author\":{\"name\":\"Fiona Cincotta\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/8ef0fafb6c93f1204150bb907b42cfec\"},\"headline\":\"GBP\\\/USD Brexit uncertainties could cap gains\",\"datePublished\":\"2020-10-21T11:58:51+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104604-gbp-usd-brexit-uncertainties-could-cap-gains\\\/\"},\"wordCount\":328,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104604-gbp-usd-brexit-uncertainties-could-cap-gains\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100879-gbp-usd-dollar-declines-pound.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\\\/104604-gbp-usd-brexit-uncertainties-could-cap-gains\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104604-gbp-usd-brexit-uncertainties-could-cap-gains\\\/\",\"name\":\"GBP\\\/USD Brexit uncertainties could cap gains - 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