29.06.2020 Gbp/Usd Daily Analysis

29.06.2020 Gbp/Usd Daily Analysis

Gbp/Usd today is trading at 1.2331, it is trading lower with 0.02% mainly because the fifth round of talks between the EU and the UK kicks off on Monday, and this time they are labeled as ‘intense.’ However, recent comments have not suggested any breakthrough is likely. While the COVID-19 curve is falling, Britain's reopening remains slow and the elevated number of deaths in comparison to European peers remains worrying. Moreover, a potential flare-up in Leicester is also worrying. While markets seem calmer on Monday, America is struggling to contain the illness. Arizona and Georgia reported record infections over the weekend, the positive test rate in Texas remains elevated and California announced new restrictions. New figures from the US may dampen the mood.