GBP/USD eases from two-week top after rising from five consecutive days. DXY bounces off one-month low amid mild risk aversion wave. UK undertakes covid reinfection study, eight countries are on travel green list. US President Biden’s infrastructure spending in limbo, covid fears gain ex-UK, US. GBP/USD picks up bids near the intraday high of 1.3840, up 0.03% on a day, while heading into Monday’s London open. In doing so, the cable cheers the UK’s advantage of faster vaccinations and unlock guidelines to shrug off the US dollar’s bounce off late the lowest since late March. Having jabbed a considerable British population, UK scientists are analyzing the risk of getting reinfection on the vaccinated people. Reuters quoted Helen McShane, a University of Oxford vaccinologist and chief investigator on the study while saying, “The information from this work will allow us to design better vaccines and treatments, and also to understand if people are protected after having COVID, and for how long.” Furthermore, the British government will announce the list of countries safe to travel and are allowed in the UK during the next month. As per the latest market chatters, only eight countries are on the list, suggesting hidden fears of virus resurgence. On a different page, the UK’s medicine providers are tired of red tape and the associated costs while sending medical supplies to Northern Ireland, which in turn flashes Brexit risk and can weigh on the Sterling if magnified. Alternatively, Europe is struggling with the virus as the global virus-led death toll climbs above three million. Moving on, US President Joe Biden’s $2.25 trillion infrastructure spending bill has a tough road ahead as Republicans push for tax cuts and spending reduction. Amid these plays, stock futures step back from the recent multi-day tops whereas the US 10-year Treasury yields also ease amid a quiet session in Asia. Looking forward, the UK’s employment data, up for publishing on Tuesday, will be the key for the GBP/USD pair but traders shouldn’t ignore risk catalyst before that. Technical analysis Unless staying beyond 200-SMA and the previous resistance line from April 08, around 1.3825-20, GBP/USD buyers can keep attacking March 19 high near 1.3960. 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 attempts recovery above 1.1950 as US dollar bounce fizzles FX Street 2 years GBP/USD eases from two-week top after rising from five consecutive days. DXY bounces off one-month low amid mild risk aversion wave. UK undertakes covid reinfection study, eight countries are on travel green list. US President Biden's infrastructure spending in limbo, covid fears gain ex-UK, US. GBP/USD picks up bids near the intraday high of 1.3840, up 0.03% on a day, while heading into Monday's London open. In doing so, the cable cheers the UK's advantage of faster vaccinations and unlock guidelines to shrug off the US dollar's bounce off late the lowest since late March. Having jabbed a considerable British… 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.