1/20/2021 1:09:44 AM GMT | By Anil Panchal
GBP/USD eases from the intraday high amid coronavirus, Brexit concerns.
Risks also dwindle ahead of the UK inflation data, US President-elect Joe Biden’s White House entry.
UK PM Johnson warns EU over the extension of Brexit deal ratification, Britain marks highest daily covid deaths.
GBP/USD drops to 1.3637 during Wednesday’s Asian trading. In doing so, the cable reverses intraday gains after recently rising for two consecutive days. Market’s cautious sentiment before Biden’s inauguration ceremony and the UK Consumer Price Index (CPI) could be traced for the latest weakness in the pair prices. Also weighing on the quote could be the coronavirus (COVID-19) and Brexit concerns.