The GBP/USD pair traded as low as 1.3895 in the aftermath of a hawkish US Federal Reserve, now heading into the Asian opening trading at around 1.3900. The UK did not release macroeconomic figures that could add to the pound’s behaviour. Still, tensions surrounding the Northern Ireland Protocol undermine sterling´s demand.

Meanwhile, the UK reported that new coronavirus cases in the country are doubling every 11 days amid the rapid spread of the Delta variant. The country already delayed lifting lockdown measures and is speeding up immunization. This Friday, the UK will publish May Retail Sales, seen up by 1.6% MoM, and Consumer Inflation expectations, previously at 2.7%.

What do you think of this pair’s future direction?