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GBP/USD: Licks its wounds above 1 3800 amid UK political jitters, Brexit woes

5/3/2021 4:13:27 AM GMT | By Anil Panchal GBP/USD bounces off intraday low but fails to overcome the heaviest drop in two months flashed the previous day. UK PM Johnson will be pressured for second Scottish Independence referendum if SNP wins Holyrood elections on Thursday. UK’s Raab renews concerns over EU Ambassador, signals G7 talks against Russia. US PMIs, stimulus chatters will be the key, covid updates may entertain traders as well. GBP/USD picks up bids around 1.3825, reverses early Asian losses, while heading into Monday’s London open. Although the coronavirus (COVID-19) optimism keeps the British traders hopeful, the broad US dollar strength keeps the cable pressured amid a quiet session.

UK s Raab: No final decision on EU ambassador s status

United KingdomUK’s Raab: No final decision on EU ambassador’s status Reuters 1 minute read Britain s Foreign Affairs Secretary Dominic Raab walks outside Downing Street in London, Britain, February 3, 2021. REUTERS/John Sibley Britain has not made a final decision on whether to grant the European Union’s ambassador in London, Joao Vale de Almeida, full diplomatic status, Foreign Minister Dominic Raab said on Sunday. Britain and the European Union have been at odds over the British government s refusal to grant EU representatives full diplomatic status in London after Brexit. Asked whether a decision had been taken to grant diplomatic status, Raab said:

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