GBP/USD Slides Back Closer to Session Lows Around 1.3070-65

The GBP/USD retreated nearly 50 pips from European session highs to levels beyond 1.3100 and fell back to the lower end of the intraday range. The fresh sell-off around the US dollar helped the pair regain some positive momentum during the early last day of the week, but the ongoing uncertainty about Brexit limited any further gains and spurred some fresh sell-offs at higher levels and pulled the pair into negative territory for the second session in a row.

Investors are awaiting developments surrounding the US fiscal stimulus and the outcome of the US elections.