Q1 Outlook: GBP/USD Eyeing a Transfer to 1.3700
Now that the UK Normal Election is out of the best way, with Conservative chief Boris Johnson profitable a big, working, majority, the backdrop for Sterling within the short-term seems optimistic and up to date highs might give method and permit for additional positive aspects. These positive aspects are prone to made slowly as year-end disruption and fears over the upcoming EU-UK commerce talks will pare again bullish sentiment.
GBP/USD Charge Chart (Chart 2)
GBP/USD traded as excessive as 1.3515 simply after the UK exit polls have been launched and has struggled to re-take that stage within the final couple of days. The technical set-up for the pair stays optimistic and over the following quarter, a break and shut above right here exposes the 1.3700 stage which ought to be the short-term goal.
On the lookout for the complete information? Full Q1, 2020 Forecasts will probably be launched on Monday, December 23.