{"id":106437,"date":"2020-11-06T18:11:39","date_gmt":"2020-11-06T18:11:39","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=106437"},"modified":"2020-11-06T18:11:39","modified_gmt":"2020-11-06T18:11:39","slug":"104751-gbp-us-dollar-driving-gbp-usd-higher-eur-gbp-gains-limited","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/104751-gbp-us-dollar-driving-gbp-usd-higher-eur-gbp-gains-limited\/","title":{"rendered":"GBP: US Dollar Driving GBP\/USD Higher, EUR\/GBP Gains Limited"},"content":{"rendered":"<ul>\n<li style=\"font-weight: 400;\"><b>GBP\/USD lifted by USD weakness or absence of negative rate talk<\/b><\/li>\n<li style=\"font-weight: 400;\"><b>Brexit back in focus as a soft deadline approach<\/b><\/li>\n<\/ul>\n<p><b>GBP\/USD LIFTED ON USD WEAKNESS &amp; ABSENCE OF NEGATIVE RATE TALK<\/b><\/p>\n<p><span style=\"font-weight: 400;\">The Pound has rallied around 200pips versus the USD since the Bank of England monetary policy decision. The BoE boosted QE by more than expected but the lack of commentary surrounding negative rates has supported GBP. Furthermore, the larger QE package gives the Bank of England the possibility to speed up the pace of asset purchases if needed. Markets continue to price in a Biden win in the US elections bringing the USD under pressure with the greenback testing key support at 92.50.<\/span><\/p>\n<p><b>BREXIT BACK IN FOCUS AS A SOFT DEADLINE APPROACHING<\/b><\/p>\n<p><span style=\"font-weight: 400;\">With the BoE in the rear-view mirror, attention can turn back to Brexit with a soft deadline approaching (Nov 15th). Intensive talks have so far seen a lack of progress on 3 key issues. It wouldn\u2019t be surprising if talks fail to meet the deadline. Talks are likely to continue however, the base case scenario is that a deal is ultimately reached.<\/span><\/p>\n<p><b>GBP\/USD<\/b><span style=\"font-weight: 400;\">:\u00a0 USD is likely to be the key driver for the pair given the US Election.\u00a0 USD support at 92.50 hold is so far, however, a meaningful breakthrough could send GBP\/USD back to the October high at 1.3177 before attempting to reclaim the 1.32 handle. Near-term support is at 1.3075.<\/span><\/p>\n<p><b>EUR\/GBP: <\/b><span style=\"font-weight: 400;\">The bias remains a fade on rallies in cross towards 0.9060-70. Choppy trading is likely to persist for EUR\/GBP as Brexit differences remain, gains have been well-capped from 0.9060-70, the 100DMA and while a break below 0.90 has seen a lack of follow-through. Risks are tilted to the downside towards the year-end.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u00a0<\/span><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>GBP\/USD lifted by USD weakness or absence of negative rate talk Brexit back in focus as a soft deadline approach GBP\/USD LIFTED ON USD WEAKNESS &amp; ABSENCE OF NEGATIVE RATE TALK The Pound has rallied around 200pips versus the USD since the Bank of England monetary policy decision. The BoE boosted QE by more than [&hellip;]<\/p>\n","protected":false},"author":163946597,"featured_media":5386,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1379,1381],"tags":[],"class_list":{"0":"post-106437","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-gbp","8":"category-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: US Dollar Driving GBP\/USD Higher, EUR\/GBP Gains Limited - 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\/104751-gbp-us-dollar-driving-gbp-usd-higher-eur-gbp-gains-limited\/\" \/>\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\\\/104751-gbp-us-dollar-driving-gbp-usd-higher-eur-gbp-gains-limited\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104751-gbp-us-dollar-driving-gbp-usd-higher-eur-gbp-gains-limited\\\/\"},\"author\":{\"name\":\"Fiona Cincotta\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/8ef0fafb6c93f1204150bb907b42cfec\"},\"headline\":\"GBP: US Dollar Driving GBP\\\/USD Higher, EUR\\\/GBP Gains Limited\",\"datePublished\":\"2020-11-06T18:11:39+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104751-gbp-us-dollar-driving-gbp-usd-higher-eur-gbp-gains-limited\\\/\"},\"wordCount\":300,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104751-gbp-us-dollar-driving-gbp-usd-higher-eur-gbp-gains-limited\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100917-gbp-usd-pound-rises-3rd-vote.jpg\",\"articleSection\":[\"GBP\",\"USD\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2020\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104751-gbp-us-dollar-driving-gbp-usd-higher-eur-gbp-gains-limited\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104751-gbp-us-dollar-driving-gbp-usd-higher-eur-gbp-gains-limited\\\/\",\"name\":\"GBP: US Dollar Driving GBP\\\/USD Higher, EUR\\\/GBP Gains Limited - 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