Q1 Outlook: GBP/USD Eyeing a Transfer to 1.3700
Now that the UK Basic Election is out of the best way, with Conservative chief Boris Johnson successful a big, working, majority, the backdrop for Sterling within the short-term appears to be like optimistic and up to date highs might give method and permit for additional features. These features are more likely 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 had been launched and has struggled to re-take that degree 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 degree which needs to be the short-term goal.
On the lookout for the complete information? Full Q1, 2020 Forecasts shall be launched on Monday, December 23.