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Progress in Brexit talks pushed the Cable higher – GBP/USD Market Outlook – 14/12/2020

SquaredFinancial

The Pound gaped up above 1.33 on Monday morning, as the EU and the UK decided to extend Brexit talks over the weekend after some progress has been made. On the other hand, optimism on the vaccine and US stimulus continue to weigh on the safe-haven dollar. We remain cautiously optimistic regarding the Brexit deal, therefore we will be looking to buy dips targeting 1.35 in the short-term.

Support: 1.3290 / 1.32
Resistance: 1.3390 / 1.3460

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Source: https://www.squaredfinancial.com/learn/daily-market-outlook/progress-in-brexit-talks-pushed-the-cable-higher-gbp-usd-market-outlook-14-12-2020
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