{"id":107230,"date":"2020-12-15T09:23:24","date_gmt":"2020-12-15T09:23:24","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=107230"},"modified":"2020-12-15T09:25:54","modified_gmt":"2020-12-15T09:25:54","slug":"105042-gbp-usd-outlook-uk-macro-plays-second-fiddle-to-brexit-hopes","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/105042-gbp-usd-outlook-uk-macro-plays-second-fiddle-to-brexit-hopes\/","title":{"rendered":"GBP\/USD Outlook: UK Macro Plays Second-Fiddle To Brexit Hopes"},"content":{"rendered":"<ul>\n<li>GBP\/USD in green on hopes of last-minute Brexit deal.<\/li>\n<li>Vaccine and stimulus hopes undermine USD.<\/li>\n<li>Market participants ignore UK macro.<\/li>\n<\/ul>\n<p>UK monthly unemployment claims rose to 64.3K in November; the setback was mostly offset by the unemployment rates at 4.9 Percent beating 5.1 Percent expected, from 4.8 Percent earlier.<\/p>\n<p>The UK macro numbers did not influence the GBP\/USD as the pair continued to hold on to its slight gains, trading near day&#8217;s high, around mid-1.3300s. GBP\/USD had pulled back around 140 pips yesterday but traded in the green today as the hopes of a last-minute Brexit deal kept the bullish mood intact.<\/p>\n<h3>Brexit-deal Hopes<\/h3>\n<p>Brexit-deal hopes revived after &#8211; the UK and EU decided to extend the talks beyond the Sunday deadline; and, the statement from the EU&#8217;s chief Brexit negotiator, Michel Barnier on Monday that a deal could be reached if a solution to the fishing issue emerges.<\/p>\n<p>The US dollar trades around two-and-half-year lows as the vaccine-related exuberance cut the greenback&#8217;s safe-haven appeal. The revived hopes surrounding the US fiscal stimulus also pulled down the currency. The weakness in the USD assisted GBP\/USD in the intraday up-move.<\/p>\n<p>The GBP bulls are restricted in their aggressiveness by the lockdown restrictions in London and the discovery of a new coronavirus-variant.<\/p>\n<p>At the time of writing, one British Pound buys 1.3300 US dollars, down -0.10% as of 9:21 AM UTC.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>GBP\/USD in green on hopes of last-minute Brexit deal. Vaccine and stimulus hopes undermine USD. Market participants ignore UK macro. UK monthly unemployment claims rose to 64.3K in November; the setback was mostly offset by the unemployment rates at 4.9 Percent beating 5.1 Percent expected, from 4.8 Percent earlier. The UK macro numbers did not [&hellip;]<\/p>\n","protected":false},"author":163946612,"featured_media":47083,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1379,1381],"tags":[1386,2975,1394,1888],"class_list":{"0":"post-107230","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-covid-vaccine","11":"tag-gbp","12":"tag-gbp-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 Outlook: UK Macro Plays Second-Fiddle To Brexit Hopes - 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\/105042-gbp-usd-outlook-uk-macro-plays-second-fiddle-to-brexit-hopes\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Stelian Olar\" \/>\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\\\/105042-gbp-usd-outlook-uk-macro-plays-second-fiddle-to-brexit-hopes\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105042-gbp-usd-outlook-uk-macro-plays-second-fiddle-to-brexit-hopes\\\/\"},\"author\":{\"name\":\"Stelian Olar\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/c83637dd6dc82bcaadbc8b6c994d1186\"},\"headline\":\"GBP\\\/USD Outlook: UK Macro Plays Second-Fiddle To Brexit Hopes\",\"datePublished\":\"2020-12-15T09:23:24+00:00\",\"dateModified\":\"2020-12-15T09:25:54+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105042-gbp-usd-outlook-uk-macro-plays-second-fiddle-to-brexit-hopes\\\/\"},\"wordCount\":238,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105042-gbp-usd-outlook-uk-macro-plays-second-fiddle-to-brexit-hopes\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/10\\\/gbp-usd-weekly-roundup.jpg\",\"keywords\":[\"Brexit\",\"covid vaccine\",\"gbp\",\"gbp\\\/usd\"],\"articleSection\":[\"GBP\",\"USD\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2020\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105042-gbp-usd-outlook-uk-macro-plays-second-fiddle-to-brexit-hopes\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105042-gbp-usd-outlook-uk-macro-plays-second-fiddle-to-brexit-hopes\\\/\",\"name\":\"GBP\\\/USD Outlook: UK Macro Plays Second-Fiddle To Brexit Hopes - 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