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GBP Declines on USD Strength and Brexit Uncertainty

M. Ali 13 October, 2020 9:23 pm Forex Market, Market Update

The British Pound (GBP) declined against the US Dollar (USD) on Tuesday, following four consecutive rises, as the USD rose supported by inflation data, while the GBP remains impacted by Brexit trade talks uncertainty.

The GBP/USD is down by 0.82% for the day at 1.2957.

The pair has been moving in a range between 1.2950 and 1.3072, after finishing Monday at the level of 1.3064.

Support Levels: 1.2990 – 1.2967 – 1.2928

Resistance Levels: 1.3052 – 1.3091 – 1.3114

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