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GBP/USD: Virus woes probe bulls targeting 1.2800

24 days ago   |   By FXCM

GBP/USD jumps 20+ pips at the week's start amid hope of a Brexit deal.
Calls of negative rates, virus woes recently play their roles.
Risk news remains the key driver amid a lack of major data/events.
GBP/USD slips off intraday low of 1.2770 to 1.2765 amid the early Monday morning in Asia. The Cable surged from 1.2746 to 1.2768 at the week's start as traders believed Brexit deal is still possible, based on the weekend headlines. However, fears that the coronavirus is heading towards the national lockdown recalled the bears off-late.
A total social lockdown in Northern Britain...
The Times...
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