GBP/USD turned positive for the second straight session amid renewed USD selling bias. Hopes for more US fiscal stimulus, dovish Fed expectations continued weighing on the USD. Investors now eye US ADP report for some impetus ahead of the FOMC meeting minutes. The USD witnessed some fresh selling during the early European session and pushed the GBP/USD pair to two-day tops, around mid-1.3600s. The pair quickly reversed an intraday dip to sub-1.3600 level and moved into the positive territory for the second consecutive session on Wednesday. The uptick also marks the fifth day of a positive move in the previous six and was exclusively sponsored by the emergence of some fresh selling around the US dollar. As investors await the results of a US Senate runoff elections in the state of Georgia, increasing bets on a Democrat victory raised expectations for additional US financial aid package. A Democrat-led Senate will have a big impact on the incoming US President Joe Biden’s ability to pursue his preferred economic policies. Apart from this, hopes for a strong global economic recovery in 2021 remained supportive of the underlying bullish tone in the financial markets. This, along with speculations that the Fed will keep rates lower for a longer period undermined the safe-haven greenback and further extended some support to the GBP/USD pair. Bulls seemed rather unaffected by concerns about the economic fallout from the imposition of a third nationwide lockdown in the UK, which might have raised prospects for additional policy easing by the Bank of England. Nevertheless, the USD price dynamics remains an exclusive driver of the GBP/USD pair’s intraday positive move. Hence, the key focus now shifts to the latest FOMC monetary policy meeting minutes, scheduled for release later during the US session. In the meantime, the US economic docket – highlighting the release of ADP report on private-sector employment – will be looked upon to grab some short-term trading opportunities. Technical levels to watch 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 US Dollar Index drops to fresh lows near 89.20 FX Street 1 year GBP/USD turned positive for the second straight session amid renewed USD selling bias. Hopes for more US fiscal stimulus, dovish Fed expectations continued weighing on the USD. Investors now eye US ADP report for some impetus ahead of the FOMC meeting minutes. The USD witnessed some fresh selling during the early European session and pushed the GBP/USD pair to two-day tops, around mid-1.3600s. The pair quickly reversed an intraday dip to sub-1.3600 level and moved into the positive territory for the second consecutive session on Wednesday. The uptick also marks the fifth day of a positive move in the previous… 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.