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GBP/USD sticks to 1.2950.

GBP/USD is traded at 1.2950, within the usual levels.

 

Pound US Dollar GBP USD
European Union and the UK are preparing for official negotiations after Brexit, which will start next week. Fears of coronaviruses are laying their mark on the markets.

On the contrary, the pattern at 1.2900 now seems to be acting as immediate support, which, in case of a break-down, might force the pair to return to testing the YTD lows, around the middle of 1.2800. Some subsequent sales may now pave the way for extending the recent drop to test levels south of 1.2800.

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