GBP/USD has jumped above 1.37, hitting a new 2021 peak at 1.3711 at the time of writing. Cable has surpassed its previous peak of 1.3711 and trades at the highest since 2018. The Relative Strength Index on the four-hour chart is still below 70, thus outside overbought conditions and allowing for more gains. The British pound has been benefiting from Britain’s rapid vaccination campaign and also from a gradual decrease in COVID-19 cases. On the other side of the pond, the safe-haven US dollar has been under pressure amid optimism related to the incoming administration’s vast stimulus plans. Joe Biden is scheduled to be inaugurated as President at 17:00 GMT. Treasury Secretary nominee Janet Yellen emphasized the need for more government support and hinted that tax hikes are not imminent. Talks between the EU and the UK around the future of the services sector after Brexit are on the backburner. GBP/USD Price Forecast 2021: Cable braces for calendar comeback amid three exits FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next China: GDP surpassed expectations in Q4 – UOB FX Street 2 years GBP/USD has jumped above 1.37, hitting a new 2021 peak at 1.3711 at the time of writing. Cable has surpassed its previous peak of 1.3711 and trades at the highest since 2018. The Relative Strength Index on the four-hour chart is still below 70, thus outside overbought conditions and allowing for more gains. The British pound has been benefiting from Britain's rapid vaccination campaign and also from a gradual decrease in COVID-19 cases. On the other side of the pond, the safe-haven US dollar has been under pressure amid optimism related to the incoming administration's vast stimulus plans. Joe Biden… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
