GBP/USD seesaws around 1.2812, up 0.03%, while heading into the London open on Wednesday.

The Cable recently benefited from the broad US dollar weakness after the Fed’s shock 0.50% rate cut whereas upbeat comments from the BOE policymakers also played their part. Though, traders seek more clues from the economic calendar, coronavirus (COVID-19) headlines for fresh impulse.

While the EU-UK Brexit talks are on, iNews came out with the news, quoting the Irish PM, which suggests is a “growing possibility” of a no-deal Brexit at the end of the year. However, in his latest comments, the European Union’s (EU) chief Brexit negotiator Michel Barnier marked a U-turn from his generally observed UK-critic tone while saying that the talks are going positive.

Investors will now keep eyes on the coronavirus as well as the related actions from the global policymakers for fresh impulse. On the economic front, final readings of the UK Services PMI for February, expected 53.3, followed by the US ISM Non-Manufacturing PMI, forecast 54.9 versus 55.5 prior, will be important to watch.