GBP/USD Upside Likely Unsustainable As Risks Continue To Mount

The GBP/USD currency pair, which expresses the value of the British pound sterling in terms of the U.S. dollar, has been climbing recently, transcending the 1.30 handle in defiance of the overwhelming pessimism that has plagued GBP through much of 2020.
Owing to the still-lurking vulnerabilities of GBP to the United Kingdom’s political situation with respect to Brexit, the U.K. currency has been viewed as highly risky (and one might argue, reasonably so). Without a trade deal with the European …

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