GBP/USD has been recovering as the US yields retreat from their highs. According to FXStreet’s Analyst Yohay Elam, sterling is set to resist dollar storm on vaccine milestone and improving technicals, with the cable setting higher highs. Key quotes “The UK’s rapid immunization campaign is having a material effect in pushing death rates down, and sterling up, allowing it to weather dollar strength. Vaccines allow Britain’s gradual reopening to proceed with confidence, especially after the country reached 50% of all adults. The downside comes due to clashes with the EU over imports and exports of doses. Brussels has threatened to block shipments and UK Prime Minister Boris Johnson will reportedly call leaders on the continent to calm things down.” “The UK is already suffering from potential issues with vaccine supplies from India and may and another delay would postpone the administering of second doses. Nevertheless, the campaign may have reached a point of no return where a significant part of the population has enough immunity to prevent new lockdowns. Such optimism may continue supporting the pound.” “The next moves for the greenback are also set to come from the Federal Reserve. Chair Jerome Powell will deliver a speech on Monday, the first out of three public appearances in which he will likely reiterate his message of ongoing support – and dismissal of inflation concerns. Bond auctions due out later in the week are also eyed.” “Pound/dollar has been setting higher lows since it hit a low of 1.3775 in early March. This is a bullish sign that counters downside momentum on the 4-hour chart. Cable is also trading under the 50, 100 and 200 Simple Moving Averages.” 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 EUR/USD bounces off lows near 1.1870 FX Street 1 year GBP/USD has been recovering as the US yields retreat from their highs. According to FXStreet's Analyst Yohay Elam, sterling is set to resist dollar storm on vaccine milestone and improving technicals, with the cable setting higher highs. Key quotes "The UK's rapid immunization campaign is having a material effect in pushing death rates down, and sterling up, allowing it to weather dollar strength. Vaccines allow Britain's gradual reopening to proceed with confidence, especially after the country reached 50% of all adults. The downside comes due to clashes with the EU over imports and exports of doses. Brussels has threatened to… 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.