Pound Sterling Price News and Forecast: GBP/USD has pushed above the 1.3600 level

FXStreet Team FXStreet

Has GBP/USD cleared the way to 1.40+?

The pound could be among the best-performing currencies in 2021 now that a no-deal Brexit has been avoided. With the UK also being among the first countries to roll out the Covid vaccines, I reckon the economy could rebound sharply once lockdowns end. Forward-looking investors are thus likely to buy the dips in the pound.

What’s more, after years of side-ways consolidation amid Brexit uncertainty, there could be an even bigger move on the cards. This makes the pound appealing in my view and it is among the key developed currencies to watch out for in 2021.

GBP/USD breaks convincingly above 1.3600 and key downtrend

GBP/USD looks to finally be making some headway to the north of the 1.3600 level, an area which the pair had struggled to crack over the last few hours. Since breaking to the north of this area, cable is making serious headway towards last Friday’s high at 1.3636. At present, the pair trades with gains of well over 100 pips on the day or about 0.8% and is close to 1.3620. On the day, GBP is far and away the best performer of the G10 currencies.

EUR/USD eyes nine-day EMA barrier after rebounding from 1.1600

EUR/USD gains ground after registering modest losses in the previous session, trading around 1.1620 during the Asian hours on Friday. The technical analysis of the daily chart suggests an ongoing bearish bias as the pair remains within the descending channel pattern.

GBP/USD: Pound Sterling ticks up against US Dollar in countdown to US NFP

The Pound Sterling trades marginally higher to near 1.3365 against the US Dollar during the Asian trading session on Friday. The GBP/USD pair edges up as the US Dollar ticks down ahead of the United States Nonfarm Payrolls data for February, which will be published at 13:30 GMT.

Gold rises but remains on track for weekly loss in five weeks

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Bitcoin, Ethereum and Ripple at risk as US-Iran war extends

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The market compass is pointing at a barrel of Oil

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Ripple tests recovery strength amid steady ETF inflows, growing retail interest

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