{"id":106725,"date":"2020-11-19T22:31:43","date_gmt":"2020-11-19T22:31:43","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=106725"},"modified":"2020-11-20T08:03:28","modified_gmt":"2020-11-20T08:03:28","slug":"104853-gbp-usd-falls-on-profit-taking-as-eu-leaders-look-to-no-deal-brexit-plans","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/104853-gbp-usd-falls-on-profit-taking-as-eu-leaders-look-to-no-deal-brexit-plans\/","title":{"rendered":"GBP\/USD falls on profit-taking as EU leaders look to no-deal Brexit plans"},"content":{"rendered":"<ul>\n<li><strong>Fading optimism for a last-minute Brexit trade deal dragged on sterling.<\/strong><\/li>\n<li><strong>USD rises on safe haven flows.<\/strong><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">The UK &amp; EU still haven\u2019t agreed a post Brexit trade deal. Talks are stalled over the so-called level playing field and fisheries. News that the European Commission could publish no-deal plans hit demand for the Pound. After struggling above 1.3300 GBP\/USD sold off in early European trade.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The pair declined to 1.32 as a reasonable pick up in US Dollar demand added pressure to the GBP\/USD. Concerns over the economic fallout from tighter lockdown restrictions overshadowed vaccine optimism.as a result, risk sentiment boosted demand for the safe haven greenback.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Investors could sit on the sidelines waiting for the Brexit update. EU negotiators are reportedly due to update the 27 member states on the latest in Brexit trade talks with Britain on Friday.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Looking ahead, Philly Fed Manufacturing Index and Initial Weekly Jobless Claims will be in focus. The data, in addition to risk flows and covid developments could drive the USD.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Fading optimism for a last-minute Brexit trade deal dragged on sterling. USD rises on safe haven flows. The UK &amp; EU still haven\u2019t agreed a post Brexit trade deal. Talks are stalled over the so-called level playing field and fisheries. News that the European Commission could publish no-deal plans hit demand for the Pound. After [&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":["post-106725","post","type-post","status-publish","format-standard","has-post-thumbnail","category-gbp","category-usd","tag-gbp","tag-gbp-usd","tag-usd"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>GBP\/USD falls on profit-taking as EU leaders look to no-deal Brexit plans - 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\/104853-gbp-usd-falls-on-profit-taking-as-eu-leaders-look-to-no-deal-brexit-plans\/\" \/>\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\\\/104853-gbp-usd-falls-on-profit-taking-as-eu-leaders-look-to-no-deal-brexit-plans\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104853-gbp-usd-falls-on-profit-taking-as-eu-leaders-look-to-no-deal-brexit-plans\\\/\"},\"author\":{\"name\":\"Fiona Cincotta\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/8ef0fafb6c93f1204150bb907b42cfec\"},\"headline\":\"GBP\\\/USD falls on profit-taking as EU leaders look to no-deal Brexit plans\",\"datePublished\":\"2020-11-19T22:31:43+00:00\",\"dateModified\":\"2020-11-20T08:03:28+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104853-gbp-usd-falls-on-profit-taking-as-eu-leaders-look-to-no-deal-brexit-plans\\\/\"},\"wordCount\":183,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104853-gbp-usd-falls-on-profit-taking-as-eu-leaders-look-to-no-deal-brexit-plans\\\/#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\\\/104853-gbp-usd-falls-on-profit-taking-as-eu-leaders-look-to-no-deal-brexit-plans\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104853-gbp-usd-falls-on-profit-taking-as-eu-leaders-look-to-no-deal-brexit-plans\\\/\",\"name\":\"GBP\\\/USD falls on profit-taking as EU leaders look to no-deal Brexit plans - 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