GBPUSD Trades Mixed on Brexit & USD Weakness

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The British pound sterling is trading muted on Tuesday.

Price action was largely confined to the range from Monday. This comes amid the mixed fundamentals.

While the USD is weaker, the pound sterling is weighed by the Brexit concerns.

So far, no trade deal has been agreed upon. This is raising the risks of a hard-Brexit for the UK.

For the moment, watch the 1.3000 level where price is consolidating quite a bit.

Failure to breakout higher could open the way for GBPUSD back to the downside.

This will see prices testing 1.2900 followed by the 1.2700 level of support.

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