25.06.2020 Gbp/Usd Daily Analysis

25.06.2020 Gbp/Usd Daily Analysis

Gbp/Usd is today trading at 1.2431; it is trading higher with 0.10% mainly because the pair has been attempting to recover amid hopes for a Brexit breakthrough, which is not expected to offset the disappointing US coronavirus data that is boosting the greenback.  According to the Financial Times EU is ready to compromise with the UK on the sensitive ‘level-playing field’ issue – aligning regulations across the channel after the current transition period expires. Talks between London and Brussels resume on Monday as the clock ticks down toward year-end. After four rounds of inconclusive talks, any hope will help the pound but this is only to be noticed when the negotiations are over. In the US, coronavirus seems out of control and may further weigh on markets. While governors have urged people to stay at home and wear face-masks in public, they have refrained from imposing restrictions and such a move would further weigh on markets.