USDCHF Price Action Trading Strategy
rfxsignals December 24, 2020 No Comments

The Pound is waiting for a miracle. Overview for 24.12.2020


GBPUSD is rising on Thursday morning in anticipation of the results of the Brexit talks.

The British Pound is trying to keep its positive momentum against the USD. The current quote for the instrument is 1.3553.

Today’s economic calendar is rather poor in reports and numbers due to the Christmas eve in Catholic countries. However, the “weather” in the United Kingdom is pretty hot despite the end of December: The Brexit negotiators were discussing topical issues all night long and don’t seem to stop. In the meantime, the Brexit transition period is just two weeks away.

Last night, the media reported that the parties had reached some results in discussing the trade agreement.

Noteworthy is that London, which had been standing its ground relating to trade border and fishing all autumn, softened its stance by the end of December and said it was ready for a compromise. The only problem is that there is no time left for it.

It became known that there was a possibility to resume talks, at least the part that is left, the next year – this information came from French negotiators, who said that the EU had new requirements for London.

It seems like the Pound won’t have dull moments in the next 24 hours.