Others,Others,Others,Others,Others,Others

Overall, GBP/USD is trending upwards. Recently, GBP/USD moved lower, breaking below the key level of 1.25. Earlier today, in regard to the lockdown extension, British Foreign Secretary Dominic Raab said that they “don’t expect to make any changes to measures at that point” until they are confident that the easing of the lockdown can be carried out safely. Although official announcement has not been made, it is likely that the lockdown may be extended for another three-weeks since the Covid-19 situation in the UK is nowhere close to being over and that measures are reviewed every three weeks. Currently, GBP/USD is moving towards the support level of 1.24400 and the next resistance level is at 1.26000.