GBP/USD has been struggling amid rising coronavirus cases. The UK government refuses to impose a national lockdown, but fears are they would have no choice. EU/UK negotiators made progress this week toward resolving some a big disagreements in Brexit talks raising hopes for a deal by early November.
“A deal by mid November, approved by a special EC Summit, endorsed by EU Parliament’s 24-27 plenary session and ratified before mid-December. 45% chance and could see GBP lift 8-10%." - Westpac
Support levels: 1.2880 1.2835 1.2770
Resistance levels: 1.2950 1.2990 1.3030
“A deal by mid November, approved by a special EC Summit, endorsed by EU Parliament’s 24-27 plenary session and ratified before mid-December. 45% chance and could see GBP lift 8-10%." - Westpac
Support levels: 1.2880 1.2835 1.2770
Resistance levels: 1.2950 1.2990 1.3030