GBPUSD is neutral in anticipation of trade and economic relations negotiations with the European Union.
In the middle of the week, the British Pound is rather neutral against the USD. The current quote for the instrument is 1.2992.
Yesterday, the United Kingdom reported on the CBI Realized Sales in December, which showed 1 point after being 0 the month before. The problem is that the expected reading was 4 points.
Investors’ attention is focused on Brexit. Early in March, the European Commission is ready to discuss with the United Kingdom their trade and economic relations after the Brexit. The Commission said that they wanted to build close relations with Britain for an ambitious partnership.
In the preliminary documents, the European Commission announced that it was high time for the parties to discuss a free trade area in order to secure businesses from excessive pressure and talk about healthy competition conditions. The next thing to do is to work out a mutual agreement on access to water areas, as well as discuss digital trading and purchasing systems at the highest level. All these things should be done before the transition period is over.