GBP/USD has paused its two-day rally to 34-month highs above 1.3900, as the bulls gather more energy to start afresh northwards. The UK vaccine rollout continues to outperform its peers and along with some positive results in the domestic docket and the likeliness that the BoE will not implement negative rates in the short-term horizon sustained the firm demand for the quid and opened the door for a move to the key 1.40 level in GBP/USD in the not-so-distant future. EUR/USD clings to modest daily gains above 1.2130. The dollar index was down 0.2% at 90.335, not far removed from last week’s low of 90.249, a level not seen since Jan. 27. AUD/USD rose 0.3% to 0.7779, while the Chinese yuan reached its strongest level since June 2018 at 6.4009 per dollar in the offshore market. USD/JPY was up 0.2% at 105.12, with the safe haven yen also suffering despite Japan reporting its gross domestic product grew an annualized 12.7% from the prior quarter in the three months through December, ahead of the 10.1% expansion expected.
Under no circumstances should any information presented on this website, "SYFX", be construed as an offer to sell, or solicitation of any offer to purchase, any securities or other investments. This website does not contain the information that an investor should consider or evaluate to make a potential investment. Offering materials relating to investments in entities managed by SYFX are not available to the general public.
To view this content, you must agree to the following terms, in addition to and supplementing the SYFX Terms of Use and Privacy Policy:
I confirm to SYFX and agree that:
I understand that this website does not contain the information I would need to consider for an investment, and that such information is only available to a limited group of persons and institutions meeting specified criteria.
I understand that this website has not been reviewed or approved by, filed with, or otherwise furnished to any governmental or similar authority, and is intended only to provide limited information to members of the public who have a legitimate interest in that information for reasons unrelated to making investments.
I understand that when SYFX makes third party information available, SYFX generally will not have verified statements made by the third party, and the presentation of information may omit important information.
I understand that third party materials such as live interviews made available by SYFX generally will not have been edited by SYFX and statements in those materials by individuals associated with SYFX should be understood in the conversational context in which they were made, which may include providing historical background.
The content constitutes the proprietary intellectual property of SYFX or its licensors and that I will not directly or indirectly copy, modify, recast, create derivative works, post, publish, display, redistribute, disclose, or make available the content, in whole or in part, to any third parties, or assist others to do the same, or otherwise make any commercial use of the content without the prior written consent of SYFX.
By registering my information below and clicking "Agree," I certify that I have read, understand and agree to the foregoing Disclaimer, Terms of Use and Privacy Policy.