Technical Outlook: GBPUSD finds comfort above 1.40

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Guess who has become the best performing G10 currency year-to-date?

Like a rampant bull, the Pound trampled its counterparts last week and even climbed above $1.40 for the first time in almost three years. With investors becoming increasingly optimistic over the UK’s rapid coronavirus vaccine rollouts and economic prospects, the outlook for Sterling remains bright.

It’s just remarkable that a year ago the currency plunged to its lowest level in over three decades as the coronavirus menace crippled the UK economy. Since then, the Pound has derived strength from a massive… Read More:

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