GBP/USD has struggled to take advantage of dollar weakness amid a slew of British issues. Sino-American tensions, Brexit speculation, and end of month flows are all in play, FXStreet’s analyst Yohay Elam informs. Stay up to speed with Yohay Elam’s last GBP/USD technical analysis Key quotes “From Monday, relaxed restrictions will allow groups of six people to meet in England. However, this gradual reopening is of no solace to the pound, which is losing ground against the dollar, yen, and euro.” “Brexit uncertainty looms over sterling – no news is bad news in this case. The UK’s refusal to extend the transition period beyond year-end raises the risk of falling back to World Trade Organization rules in 2021.” “Tensions between the US and China have intensified, as Washington pledged to respond to China’s security law, tightening Beijing’s hold on Hong Kong. […] China’s statement about aiming for a ‘peaceful reunification’ with Taiwan also sent chills. President Trump is set to lay out steps in a speech later in the day. While stock markets are on the back foot, the US dollar seems to have relinquished its safe-haven status, for now, allowing only the yen to advance.” “It is essential to note that Friday is the last day of the month, and may see some last-minute moves ahead of the close. Uncertainty about Trump’s speech may add to volatility.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next USD/JPY Price Forecast: Further rangebound looks likely FX Street 3 years GBP/USD has struggled to take advantage of dollar weakness amid a slew of British issues. Sino-American tensions, Brexit speculation, and end of month flows are all in play, FXStreet’s analyst Yohay Elam informs. Stay up to speed with Yohay Elam's last GBP/USD technical analysis Key quotes “From Monday, relaxed restrictions will allow groups of six people to meet in England. However, this gradual reopening is of no solace to the pound, which is losing ground against the dollar, yen, and euro.” “Brexit uncertainty looms over sterling – no news is bad news in this case. The UK's refusal to extend… 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.