The uptrend in GBP/USD, in place since last September, looks to be resuming after last week’s correction lower – with the chart suggesting further gains to come. The latest move reflects a weaker US Dollar, which is suffering from a move lower in Treasury yields after their recent gains.

Talk of an economic recovery later this year, hopes that President-elect Joe Biden will ramp up the US coronavirus vaccine program and the prospect of more fiscal stimulus are all dragging on the safe-haven US Dollar.


#niwzforex


#forextrade #forexsignalservice #forexmarket #forexnews