{"id":106175,"date":"2020-10-27T18:15:37","date_gmt":"2020-10-27T18:15:37","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=106175"},"modified":"2020-10-27T18:15:37","modified_gmt":"2020-10-27T18:15:37","slug":"gbp-usd-pares-intraday-gains-holds-1-3000-post-us-data","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/gbp-usd-pares-intraday-gains-holds-1-3000-post-us-data\/","title":{"rendered":"GBP\/USD pares intraday gains, holds 1.3000 post-US data"},"content":{"rendered":"<ul>\n<li><strong>GBP\/USD saw some dip-buying around 1.3000 US Dollar weakness.<\/strong><\/li>\n<li><strong>The US political uncertainty &amp; a slight pick up in stock markets undermined the safe-haven USD.<\/strong><\/li>\n<li><strong>Brexit uncertainties keep buyers from placing aggressive bets, limiting the pair\u2019s upside.<\/strong><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">GBP\/USD gained 55-60 pips from the day\u2019s lows and rallied to a day\u2019s high near\u00a0 1.3060 before it quickly retreated a few pips..<\/span><\/p>\n<p><span style=\"font-weight: 400;\">GBP\/USD continued seeing dip-buying around the key 1.3000 psychological mark, or 200-day SMA support. The pair was supported by weaker demand for the US dollar. Despite negative covid headlines, the US Dollar struggled to pick up on caution surrounding the US presidential election.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The polls point to a solid lead for the Democrat candidate Joe Biden over President Trump. That said, a narrow lead in certain key swing states increased uncertainty about the actual outcome. As a result, USD bulls are cautious lifting GBP\/USD after three consecutive days of losses.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">A mild pick up in stock markets undermined the US Dollar\u2019s safe-haven status. Meanwhile slow progress in the US stimulus negotiations, plus concerns over the economic impact of fresh\u00a0 lockdown measures could keep a lid on the optimism, which would benefit\u00a0 USD..<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The USD barely reacted to better-than-expected US Durable Goods Orders data. Durable goods orders increased by 1.9% MoM in September while orders excluding transportation increased by 0.8%. Analysts had been expecting growth of 0.5% and 0.4%, respectively.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">GBP\/USD upside could be capped as investors wait for Brexit trade talk updates. The EU&#8217;s Chief Brexit Negotiator, Michel Barnier has extended his stay in London until Wednesday. This has been seen as a\u00a0 positive sign boosting optimism\u00a0 for a last-minute Brexit trade deal.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">There is still an element of scepticism surrounding the chances of a deal being reached given the sticking point of fisheries. This has weighed slightly on GBP\/USD which has retreated. And now only trades mildly higher at 1.3030.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>GBP\/USD saw some dip-buying around 1.3000 US Dollar weakness. The US political uncertainty &amp; a slight pick up in stock markets undermined the safe-haven USD. Brexit uncertainties keep buyers from placing aggressive bets, limiting the pair\u2019s upside. GBP\/USD gained 55-60 pips from the day\u2019s lows and rallied to a day\u2019s high near\u00a0 1.3060 before it [&hellip;]<\/p>\n","protected":false},"author":163946597,"featured_media":5730,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1379,1381],"tags":[1386,1562,1394,1391,1397,1398],"class_list":{"0":"post-106175","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-gbp","8":"category-usd","9":"tag-brexit","10":"tag-durable-goods","11":"tag-gbp","12":"tag-pound","13":"tag-us-dollar","14":"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 pares intraday gains, holds 1.3000 post-US data - 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\/gbp-usd-pares-intraday-gains-holds-1-3000-post-us-data\/\" \/>\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\\\/gbp-usd-pares-intraday-gains-holds-1-3000-post-us-data\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/gbp-usd-pares-intraday-gains-holds-1-3000-post-us-data\\\/\"},\"author\":{\"name\":\"Fiona Cincotta\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/8ef0fafb6c93f1204150bb907b42cfec\"},\"headline\":\"GBP\\\/USD pares intraday gains, holds 1.3000 post-US data\",\"datePublished\":\"2020-10-27T18:15:37+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/gbp-usd-pares-intraday-gains-holds-1-3000-post-us-data\\\/\"},\"wordCount\":321,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/gbp-usd-pares-intraday-gains-holds-1-3000-post-us-data\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/gbp-usd-pair-holds-stady.jpg\",\"keywords\":[\"Brexit\",\"durable goods\",\"gbp\",\"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\\\/gbp-usd-pares-intraday-gains-holds-1-3000-post-us-data\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/gbp-usd-pares-intraday-gains-holds-1-3000-post-us-data\\\/\",\"name\":\"GBP\\\/USD pares intraday gains, holds 1.3000 post-US data - 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