GBP/USD tries to overleap 1.3300

GBP/USD tries to overleap 1.3300

On Tuesday, the British pound kept the upbeat tone. The currency pair GBP/USD fluctuated within the 1.3325/20 band, reporting marginal revenues for the day.

Cable’s soar happens to have stumbled on a tough resistance in Monday’s tops approximately 1.3380, losing some ground along with some revival in the US dollar as well as renewed Brexit concerns.

Yesterday, the US currency has demonstrated some signs of life, reacting to the previous week’s abrupt pullback, simultaneously underpinned by a rebound in yields of the major American 10-year treasuries.

Back to Brexit, new worries as for the so-called Irish ‘hard border’ rekindled some jitters over the everlasting talks, capping the upside momentum.

BoE’s M.Carney told that financial institutions need to be capable of lending through disorderly Brexit.

In the UK docket there’s nothing scheduled for today.  However, the speech by next Fed Governor J.Powell is expected to attract much attention later in the NA session.

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S&P Global, a private banking company, will release a monthly change in British Flash Manufacturing Purchasing Managers Index (PMI) on January 24, 11:30 GMT+2. The index is a leading indicator of economic health as businesses react quickly to market conditions, and purchasing managers hold the most current and relevant insight into the company's view of the economy.

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