GBP - BEARISH
1️⃣ The UK GDP data growth weaker than expected and growing concerns about the coronavirus pandemic.
2️⃣ UK Chancellor Rishi Sunak warned that the latest lockdown measures had likely slowed growth even more since then.
3️⃣ Investors await clarity about whether Britain will exit the EU customs union with a trade deal in January.
USD - BULLISH
1️⃣ Amid hopes that central banks will not have to inject more money to support the economies if a coronavirus vaccine is available soon.
2️⃣ Prospects of a divided Congress that will prevent the new Biden administration from raising taxes and regulate businesses also supported the dollar.
=====
Technical
=====
We are looking to sell GBPUSD on SBR level around 1.31200 based on H1 chart.
1️⃣ The UK GDP data growth weaker than expected and growing concerns about the coronavirus pandemic.
2️⃣ UK Chancellor Rishi Sunak warned that the latest lockdown measures had likely slowed growth even more since then.
3️⃣ Investors await clarity about whether Britain will exit the EU customs union with a trade deal in January.
USD - BULLISH
1️⃣ Amid hopes that central banks will not have to inject more money to support the economies if a coronavirus vaccine is available soon.
2️⃣ Prospects of a divided Congress that will prevent the new Biden administration from raising taxes and regulate businesses also supported the dollar.
=====
Technical
=====
We are looking to sell GBPUSD on SBR level around 1.31200 based on H1 chart.