{"id":106234,"date":"2020-10-29T17:50:43","date_gmt":"2020-10-29T17:50:43","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=106234"},"modified":"2020-10-29T17:50:43","modified_gmt":"2020-10-29T17:50:43","slug":"gbp-usd-rallying-after-wednesdays-dip","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/gbp-usd-rallying-after-wednesdays-dip\/","title":{"rendered":"GBP\/USD Rallying After Wednesday&#8217;s Dip"},"content":{"rendered":"<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">GBP\/USD trades back at 1.30 level after Wednesday\u2019s selloff dragged the pair briefly below trendline support, although it quickly reversed.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">\u00a0Brexit headlines and market sentiment after Wednesday\u2019s \u201crisk off\u201d move that hit equity markets hard.<\/span><\/li>\n<\/ul>\n<p><b>GBP\/USD STABLE AFTER DECLINE &amp; RECOVERY<\/b><\/p>\n<p><span style=\"font-weight: 400;\">GBP\/USD trades in a more stable manner on Thursday after briefly spiking below a trend line support from late September. The fact that the price quickly rebounded indicates that the trendline remains a key support. GBP\/USD trades back at 1.30.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Brexit headlines pointing to progress, or a lack of it, in EU \u2013 UK trade talks will influence GBP\/USD. Market sentiment is also an important driver after Wednesday\u2019s steep falls in riskier assets such as stocks. Covid-19 is also a key driver as European countries tighten lockdown restrictions.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">UK Government has said it will do everything it can to avoid a second national UK lockdown, instead trying to control the virus with tough local restrictions.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>GBP\/USD trades back at 1.30 level after Wednesday\u2019s selloff dragged the pair briefly below trendline support, although it quickly reversed. \u00a0Brexit headlines and market sentiment after Wednesday\u2019s \u201crisk off\u201d move that hit equity markets hard. GBP\/USD STABLE AFTER DECLINE &amp; RECOVERY GBP\/USD trades in a more stable manner on Thursday after briefly spiking below a [&hellip;]<\/p>\n","protected":false},"author":163946597,"featured_media":5374,"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-106234","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 Rallying After Wednesday&#039;s Dip - 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-rallying-after-wednesdays-dip\/\" \/>\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\\\/gbp-usd-rallying-after-wednesdays-dip\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/gbp-usd-rallying-after-wednesdays-dip\\\/\"},\"author\":{\"name\":\"Fiona Cincotta\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/8ef0fafb6c93f1204150bb907b42cfec\"},\"headline\":\"GBP\\\/USD Rallying After Wednesday&#8217;s Dip\",\"datePublished\":\"2020-10-29T17:50:43+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/gbp-usd-rallying-after-wednesdays-dip\\\/\"},\"wordCount\":167,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/gbp-usd-rallying-after-wednesdays-dip\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100911-gbp-usd-pound-dips-brexit.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\\\/gbp-usd-rallying-after-wednesdays-dip\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/gbp-usd-rallying-after-wednesdays-dip\\\/\",\"name\":\"GBP\\\/USD Rallying After Wednesday's Dip - 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