Pound Sterling Price News and Forecast: GBP/USD bulls not ready to give up
|GBP/USD stays above 1.3700 despite looming border close in Britain, eyes UK Retail Sales, PMIs
GBP/USD eases to 1.3730, after refreshing the multi-month high the previous day, during the early Asian session on Friday. The chatters over the UK policymakers’ push for the total border seal and worsening coronavirus (COVID-19) conditions in Britain seems to challenge the bulls off-late. However, the risk-on mood emanating from the new government in the US favor the quote’s upside momentum. However, the cable traders will keep their eyes on December’s Retail Sales and activity numbers for fresh impulse after the latest British inflation data favored optimists.
GBP/USD Forecast: Bulls not ready to give up
The GBP/USD pair hit 1.3745, its highest since May 2018, ending Thursday with gains above the 1.3700 level. The pair was underpinned by the prevalent risk-appetite, which was more notorious during the European session. The positive sentiment eased as the day went by, with US indexes finishing the day mixed, but not far from their opening levels. Meanwhile, the number of new daily coronavirus contagions and deaths in the UK continues to retreat. Nevertheless, the government is considering extending restrictive measures while escalating vaccine-induced immunization.
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