GBP/USD bearish cloud above the chart

Yesterday there was no major shift on the pair of  GBP/USD from 1.29830 -130500, but when we look at the price moving unitary that day, we will see that bearish has a slightly bigger impact and is just waiting for an opportunity to step up its action.
For  GBP/USD, the next big move is likely to be spurred by any signs of progress – or lack thereof – in EU-UK talks on their relationship when the transition period for Brexit ends on 31 December.
For now, there are high hopes that an agreement will be reached in the end, although very secret, but nothing is likely before the US elections next Tuesday. One thing is certain for France, Germany, and other EU member states. The economic downturn will hit not only Britain but the EU as well.
For Macron, access to UK waters will not only test political support in the coming months unless an agreement is reached. With a reduction in economic recovery from COVID-19, a Brexit deal will be all the more critical.
For the EU, Biden’s victory would likely lead to a pro-European environment, with Democrats wanting to undo Trump’s useful work. The pound may not have had as much instability as many had expected in recent weeks.
However, the lack of progress towards an agreement by the end of this week could materially affect the mood. We believe that the consequences of Biden’s victory in the stock markets are less clear than the consequences for the US dollar.
The dollar is in the zone around 93.00 today, and it lacks a little more strength to break through that barrier and open the door to the next targets.
From the news today for the British pound, we have The Confederation of British Industry (CBI) Distributive Trades Survey (DTS) measures the health of the retail sector.
We have Core Durable Goods Orders measures, Durable Goods Orders measures, and Conference Board (CB) Consumer Confidence measures, a fascinating session on American soil for USD.