Pound Sterling Price News and Forecast: GBP/USD eases from the intraday high amid coronavirus and Brexit concerns
|GBP/USD: Off daily top above 1.3600, eyes UK CPI, Biden’s inaugural ceremony
GBP/USD drops to 1.3637 during Wednesday’s Asian trading. In doing so, the cable reverses intraday gains after recently rising for two consecutive days. Market’s cautious sentiment before Biden’s inauguration ceremony and the UK Consumer Price Index (CPI) could be traced for the latest weakness in the pair prices. Also weighing on the quote could be the coronavirus (COVID-19) and Brexit concerns.
GBP/USD Forecast: Modest advance as UK-covid situation improves
The GBP/USD pair regained the 1.3600 level at the beginning of the day amid broad dollar’s weakness, but spent most of the last two sessions consolidating, unable to extend gains. No relevant data was coming from the UK, while coronavirus-related news were a bit encouraging. The country reported roughly 33,3K new coronavirus contagions in the last 24 hours, far from the highs above 60K from a couple of weeks ago.
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