GBP/USD Continues to Range
GBP/USD continues to range with neither the Bulls or Bears able to take the lead.
Bank of England chief Economist Andy Haldane predicts rapid recovery from the coronavirus crisis as consumer spending has helped UK claw back as much as half of losses.
Brexit talks will restart on Tuesday as UK vows not to agree to alignment on EU rules as negotiating team gears up to resume.
The recent pick-up in COVID-19 cases in the UK could cap gains, Support at 1.3000 has held up all month.
I expect a continued consolidation today with no major news out.
Support: 1.3074 - 1.3054
Resistance: 1.3117 - 1.3140
Bank of England chief Economist Andy Haldane predicts rapid recovery from the coronavirus crisis as consumer spending has helped UK claw back as much as half of losses.
Brexit talks will restart on Tuesday as UK vows not to agree to alignment on EU rules as negotiating team gears up to resume.
The recent pick-up in COVID-19 cases in the UK could cap gains, Support at 1.3000 has held up all month.
I expect a continued consolidation today with no major news out.
Support: 1.3074 - 1.3054
Resistance: 1.3117 - 1.3140
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