{"id":106854,"date":"2020-11-25T16:35:55","date_gmt":"2020-11-25T16:35:55","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=106854"},"modified":"2020-11-25T18:33:50","modified_gmt":"2020-11-25T18:33:50","slug":"104898-gbp-gbp-usd-rally-continues-uk-spending-review-in-focus","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/104898-gbp-gbp-usd-rally-continues-uk-spending-review-in-focus\/","title":{"rendered":"GBP: GBP\/USD Rally Continues, UK Spending Review in Focus"},"content":{"rendered":"<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">GBP\/USD tests resistance close to the 1.34 ahead of UK Chancellor of the Exchequer Rishi Sunak\u2019s spending review &amp; economic and fiscal forecasts.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Brexit remains a key factor too as Brexit in Name Only \u2013 becomes the more likely outcomes.<\/span><\/li>\n<\/ul>\n<p><b>GBP\/USD UPTREND SET TO CONTINUE<\/b><\/p>\n<p><span style=\"font-weight: 400;\">GBP\/USD edges higher to resistance at1.34. The key event is Thursday\u2019s spending review \u2013 essentially a mini budget.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The review itself is not expected to move the markets. UK Chancellor of the Exchequer Rishi Sunak is expected to announce a squeeze on public sector pay outside the health sector. More importantly will be the forecasts for the economy and the public finances from the Office for Budget Responsibility.<\/span><\/p>\n<p><b>BREXIT BARE-BONES DEAL STILL LIKELY<\/b><\/p>\n<p><span style=\"font-weight: 400;\">Looking further ahead, Brexit trade talks will be a key theme Brexit in name only \u2013 is shaping up to be one of the more likely outcomes. Any deal could see some profit-taking after the currency\u2019s recent rally.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Market optimism could also lift the Pound. The mood improves in hopes of a smooth transition from Donald Trump\u2019s presidency to Joe Biden\u2019s team. Coronavirus vaccine hopes and supportive central bank policies are also underpinning the currency, in addition to Janet Yellen being named as the next US Treasury Secretary, a market friendly choice.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>GBP\/USD tests resistance close to the 1.34 ahead of UK Chancellor of the Exchequer Rishi Sunak\u2019s spending review &amp; economic and fiscal forecasts. Brexit remains a key factor too as Brexit in Name Only \u2013 becomes the more likely outcomes. GBP\/USD UPTREND SET TO CONTINUE GBP\/USD edges higher to resistance at1.34. The key event is [&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":[],"class_list":{"0":"post-106854","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: GBP\/USD Rally Continues, UK Spending Review in Focus - 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\/104898-gbp-gbp-usd-rally-continues-uk-spending-review-in-focus\/\" \/>\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\\\/104898-gbp-gbp-usd-rally-continues-uk-spending-review-in-focus\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104898-gbp-gbp-usd-rally-continues-uk-spending-review-in-focus\\\/\"},\"author\":{\"name\":\"Fiona Cincotta\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/8ef0fafb6c93f1204150bb907b42cfec\"},\"headline\":\"GBP: GBP\\\/USD Rally Continues, UK Spending Review in Focus\",\"datePublished\":\"2020-11-25T16:35:55+00:00\",\"dateModified\":\"2020-11-25T18:33:50+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104898-gbp-gbp-usd-rally-continues-uk-spending-review-in-focus\\\/\"},\"wordCount\":224,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104898-gbp-gbp-usd-rally-continues-uk-spending-review-in-focus\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/gbp-usd-pair-holds-stady.jpg\",\"articleSection\":[\"GBP\",\"USD\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2020\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104898-gbp-gbp-usd-rally-continues-uk-spending-review-in-focus\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104898-gbp-gbp-usd-rally-continues-uk-spending-review-in-focus\\\/\",\"name\":\"GBP: GBP\\\/USD Rally Continues, UK Spending Review in Focus - 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