GBP/USD struggles above 1.3500 amid Brexit mum, Omicron optimism, US data eyed By anilpanchal7 GBPUSD Brexit Coronavirus RiskAppetite Currencies
Post-Brexit border checks widen supply crunch, no major meetings on the calendar.
The cable pair portrays the market’s cautious sentiment around the highest levels in two months while consolidating the previous day’s gains inside a 20-pip trading range. It’s worth noting that an absence of major updates overand mixed concerns surrounding the South African covid variant, namely Omicron, adds filters to the GBP/USD pair’s latest moves.
Elsewhere, the UK records over 200,000 daily covid infections and refreshed all-time high but upbeat scientific studies and comments from the World Health Organization Incident Manager Abdi Mahamud helped UK PM Boris Johnson to stay positive. In his latest national address, UK PM Johnson said, “On the other hand, the UK Manufacturing PMI rose past 57.6 previous forecast to 57.9 in December whereas the US ISM Manufacturing PMI dropped to the lowest in 11 months in December, 58.7 versus 60.