The removal of the Brexit weight plus the successful vaccination drive had driven the GBP higher. However, the latest trade prints are reminding of Brexit’s negative realities, and the vaccination positives must fade eventually as Europe and ROW catch up, as reported by OCBC Bank. GBP/USD remains pressured below 1.38. Key quotes “The GBP/USD’s recovery stalled at the 1.3800 resistance. Technicals still look negative, while short-term implied valuations are sharply lower compared to spot.” “As the positives from the vaccination drive fade, more attention will be placed back on the post-Brexit realities. This leaves us tempted to explore tactical shorts on this pair, targeting the previous low at 1.3670.” 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 looks firmer, approaches 93.00 FX Street 8 months The removal of the Brexit weight plus the successful vaccination drive had driven the GBP higher. However, the latest trade prints are reminding of Brexit's negative realities, and the vaccination positives must fade eventually as Europe and ROW catch up, as reported by OCBC Bank. GBP/USD remains pressured below 1.38. Key quotes "The GBP/USD's recovery stalled at the 1.3800 resistance. Technicals still look negative, while short-term implied valuations are sharply lower compared to spot." "As the positives from the vaccination drive fade, more attention will be placed back on the post-Brexit realities. This leaves us tempted to explore tactical… Top 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.
