The Pound could come under further pressure until a trade deal might be found. The strong approach from the UK towards the EU is now being reflected with market participants not favouring the Pound.
Overall, the Greenback is weakening the situation could become worse if the USD might also start showing further strength pushing the Pound even lower. The dollar fell after reports that no fresh fiscal or monetary pledges will be made.
We’d like to sell at 1.2740 with SL at 1.2865 and TP at 1.2605
