(DAILY NOTION) GBP/USD - Heavily Bid on Brexit Sentiment, Next Mover: Covid-19 Vaccine Distribution

GBP/USD is set to open around the 1.3350 area, following a close on Friday at 1.3217 and within the 1.3134 and 1.3324 range. It is all about the Brexit headlines that dominated the weekend news which still no closer to a deal with some U.S. dollar vulnerability thrown in.

Besides that, traders are likely to focus on the start of Covid-19 vaccine deliveries in the U.S., where the Pfizer-BioNTech Covid-19 vaccine version is due to begin shipping on Monday. The news of the Covid-19 vaccine distribution could be the next catalyst to send the U.S. dollar to lower lows if the U.S. stock market finds traction again and risk sentiment picks up. 

FOLLOWME Overall Sentiment (As of 10:00 a.m.)

As shown above, the overall sentiment of FOLLOWME traders in this symbol leans towards short-selling. with a ratio of 60.56% while the rest of 39.44% is long position.