GBP/USD remains slightly positive amid risk-on sentiment. Fed’s concerns about tapering may provide a little room to the Pound bulls. Brexit concerns may not allow bulls to spike. The GBP/USD price rose to 1.3680, down 0.08% for the day before the London opening on Monday. As the US dollar declines amid broad risk sentiment, cable pair sellers have hope due to pessimism over Brexit worries related to recent UK gasoline shipments. -Are you looking for automated trading? Check our detailed guide- US Dollar Index (DXY) lost 0.05% for the day, recently fell to 93.20 on market optimism, and is also tracking the retreat of 10-year US Treasury yields from a three-month high. A closer look at the catalysts for market optimism can help identify US stimulus prospects and welcome developments in Japan and Australia. Moreover, a recent prisoner swap between China and Canada eased Sino-US tensions by enabling Huawei’s CFO’s daughter to return home. Finally, in addition to Evergrande’s lack of news, the Fed’s concerns about tapering asset purchases also add to risk appetite. The pound is under pressure due to a rise in virus deaths and labor shortages due to Brexit at home. Germany’s elections, however, signal a power vacuum in the bloc after Angela Merkel’s 16-year rule, which Britain can take advantage of unless someone else, like France, takes charge of Brexit. Get FREE Forex Signals Now! Sky News reported that Kwasi Quarteng, the business secretary, discussed possible solutions to resolve the supply chain pressures that prompted panic buying fuel on Sunday. Boris Johnson and his team are considering enlisting military support to combat the energy crisis. The Guardian reports that Britain’s ministers will discuss BP’s Operation Escaline contingency plan after it discovered a third of its space is scarce. The GBP/USD decline is limited by risk appetite; however, Brexit-based concerns will double prices. In addition, the US durable goods orders for August, which are due today, may also have an impact. -If you are interested in forex day trading then have a read of our guide to getting started- GBP/USD price technical analysis: Looking to test 1.3600 The GBP/USD price remains under pressure below the key 1.3700 mark. The average daily range is so far 30%, indicating a low activity day. The price is well below the 20-period SMA on the 4-hour chart. Friday’s widespread down bar and an upthrust indicate a bearish pressure that may lead to 1.3600 ahead of 1.3570. On the upside, 1.3700 will be the key hurdle ahead of 1.3740. Looking to trade forex now? Invest at eToro! Trade Forex Now! 67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. Saqib Iqbal Saqib Iqbal Saqib Iqbal is a market analyst, prop fund trader and mentor, serving the industry with his analysis and educational content since 2011. The author has great exposure to different financial markets and institutions. He's well-known for his day trading reviews and multiple timeframe analysis. View All Post By Saqib Iqbal Majors share Read Next EUR/USD Analysis: Cautious Above 1.17, Awaits German Elections, ECB Saqib Iqbal 1 year GBP/USD remains slightly positive amid risk-on sentiment. Fed's concerns about tapering may provide a little room to the Pound bulls. Brexit concerns may not allow bulls to spike. The GBP/USD price rose to 1.3680, down 0.08% for the day before the London opening on Monday. As the US dollar declines amid broad risk sentiment, cable pair sellers have hope due to pessimism over Brexit worries related to recent UK gasoline shipments. -Are you looking for automated trading? Check our detailed guide- US Dollar Index (DXY) lost 0.05% for the day, recently fell to 93.20 on market optimism, and is also tracking… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.