# Limited upside for British currency amid EU trade deal uncertainties | The National

> Lombard Odier said the risk of the UK failing to reach at least a partial trade deal with the EU is lower than before the December election, but tough negotiations will cap any sterling rally. It expects GBP/USD to trade between $1.28 and $1.32, with the pound near $1.30 after UK inflation data.

- Date: 2020-02-19 · published 2020-02-19T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/54830-limited-upside-for-british-currency-amid-eu-trade-deal-uncertainties-the
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

Sterling range-trading and a eurozone slowdown affect the dollar value of European import demand, but the link to feed prices is indirect.

## Read by commodity

- GBPUSD: neutral

## Sources

- thenationalnews.com: https://www.thenationalnews.com/business/economy/limited-upside-for-british-currency-amid-eu-trade-deal-uncertainties-1.981720

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.