- GBP/USD consolidates the downside amid risk-aversion.
- Coronavirus fears offset UK fiscal stimulus optimism.
- UK turns down EU coronavirus vaccine scheme.
Following a steady decline in the overnight trade, GBP/USD looks to extend the downside consolidative mode below 1.2600 in early Europe and remains vulnerable amid broad risk-aversion.
The persistent surge in coronavirus cases in the US, concerns over the global economic rebound and Brexit uncertainty exert bearish pressure on the spot.
Further, the Telegraph report that Alok Sharma, the UK Business Secretary walked away from the European Union’s (EU) coronavirus vaccine scheme, adds to the downside in the pound.
The UK turned down the offer after failing to secure "sufficient assurance" that the Kingdom would receive the number of vaccines it needs on time.
The cable reverses the recent surge led by the UK fiscal stimulus announcement. “On Wednesday, Chancellor of the Exchequer Rishi Sunak laid out a detailed program including a job retention scheme and other means of boosting the economy,” as noted by FXStreet’s Chief Analyst, Valeria Bednarik.
In the day ahead, the risk-off market mood could likely continue to benefit the safe-haven US dollar and keep the major undermined. Traders will also watch out fresh Brexit headlines and US PPI data for fresh trading impetus.
GBP/USD technical levels
FXStreetから転載、著作権はすべて原作者に帰属します。
免責事項：本記事で述べられている見解は著者の見解のみであり、Followmeの公式見解を反映するものではありません。Followmeは、提供された情報の正確性、完全性、信頼性について一切責任を負いません。また、書面で明示的に記載されている場合を除き、本記事の内容に基づいて行われたいかなる行動についても責任を負いません。
古いコメントはありません。ソファをつかむ最初のものになりましょう。