Get updated on the 21 December GBPUSD Fundamental Outlook as it shows the pair in a phase of downside consolidation ahead of UK data.
21 December, GKFX –The buyers continue to lurk just ahead of the midpoint of the 1.33 handle, leaving the GBP/USD pair in a consolidative channel, as we head towards the early European trading.
- Moderate risk-aversion weighs.
- Unfazed by Brexit optimism and Carney’s confidence.
- UK public sector net borrowing data in focus.
21 December GBPUSD Fundamental Outlook
The minor recovery attempts from two-day lows of 1.3356 remain capped, as the bears retain control amid a cautious sentiment prevalent across the markets in pre-Christmas subdued trading.
More so, the renewed buying interest is seen around the US dollar against its main peers combined with the UK’s consumer confidence dipping to a four-year low also adds to the downbeat momentum seen around the major.
Further, markets assess the implications of the latest headlines, citing that the UK government has demanded total secrecy in its free trade talks with the US for a post-Brexit deal. Hence, the pair continues to trade listless and awaits fresh impetus from the UK public sector net borrowing data due later in the session ahead.
Also, of relevance remains the US final GDP among other second-liner macro news lined up for release from the US docket today.
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