{"id":107494,"date":"2020-12-29T14:23:03","date_gmt":"2020-12-29T14:23:03","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=107494"},"modified":"2020-12-29T14:23:52","modified_gmt":"2020-12-29T14:23:52","slug":"105133-gbp-ready-for-a-leap-to-multi-year-highs","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/105133-gbp-ready-for-a-leap-to-multi-year-highs\/","title":{"rendered":"GBP Ready For A Leap To Multi-Year Highs"},"content":{"rendered":"<ul>\n<li class=\"s8\"><span class=\"s7\"><span class=\"bumpedFont15\">UK and EU agreement regarding relations in the New Year<\/span><\/span><span class=\"s7\"><span class=\"bumpedFont15\">after Britain&#8217;s exit triggers risk rally.<\/span><\/span><\/li>\n<li class=\"s8\">GBP\/USD consolidates near 1.35, readying to climb higher.<\/li>\n<li class=\"s8\">Congress votes to increase benefits payout.<\/li>\n<\/ul>\n<p class=\"s5\"><span class=\"s7\"><span class=\"bumpedFont15\">GBP\/USD <\/span><\/span><span class=\"s7\"><span class=\"bumpedFont15\">consolidates its recent rally after the EU and the UK agreed on terms to engage with each other after Britain formally leaves the group on December 31.<\/span><\/span><\/p>\n<p class=\"s5\"><span class=\"s7\"><span class=\"bumpedFont15\">The agreement <\/span><\/span><span class=\"s7\"><span class=\"bumpedFont15\">will be put<\/span><\/span><span class=\"s7\"><span class=\"bumpedFont15\"> to the vote in the UK Parliament this week; PM Boris Johnson is expected to ha<\/span><\/span><span class=\"s7\"><span class=\"bumpedFont15\">ve no difficulty securing a majority to ratify the text.<\/span><\/span><\/p>\n<p class=\"s5\"><span class=\"s7\"><span class=\"bumpedFont15\">The GBP <\/span><\/span><span class=\"s7\"><span class=\"bumpedFont15\">is well placed<\/span><\/span><span class=\"s7\"><span class=\"bumpedFont15\"> to restart the rally after the current consolidation to move above 1.40 levels in the long-term or even scale above the April 2018 high of 1.43.<\/span><\/span><\/p>\n<p class=\"s5\"><span class=\"s7\"><span class=\"bumpedFont15\">The GBP benefits from the broad<\/span><\/span><span class=\"s7\"><span class=\"bumpedFont15\"> risk-bullishness in the markets after the eagerly awaited US stimulus bill finally became a law. President Trump ratified the 2.3- trillion dollar bill after initial resistance. The Congress lawmakers soon pushed ahead with another bill that raises stimul<\/span><\/span><span class=\"s7\"><span class=\"bumpedFont15\">us checks to 2,000 dollars from the currently approved 600 dollars, as unemployment benefits for Americans.<\/span><\/span><\/p>\n<p class=\"s5\"><span class=\"s7\"><span class=\"bumpedFont15\">The optimism from the stimulus developments undermined USD safe-haven appeal and it\u00a0<\/span><\/span><span class=\"s7\"><span class=\"bumpedFont15\">has triggered aggressive buying in all risk assets including equiti<\/span><\/span><span class=\"s7\"><span class=\"bumpedFont15\">es, commodities, the Sterling, the Euro, the Australian Dollar and the New Zealand Dollar.<\/span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>UK and EU agreement regarding relations in the New Yearafter Britain&#8217;s exit triggers risk rally. GBP\/USD consolidates near 1.35, readying to climb higher. Congress votes to increase benefits payout. GBP\/USD consolidates its recent rally after the EU and the UK agreed on terms to engage with each other after Britain formally leaves the group on [&hellip;]<\/p>\n","protected":false},"author":163946612,"featured_media":83094,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1379,1381],"tags":[1540,2423,1712,3374],"class_list":{"0":"post-107494","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-gbp","8":"category-usd","9":"tag-aud","10":"tag-covid","11":"tag-donald-trump","12":"tag-gbpusd"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>GBP Ready For A Leap To Multi-Year Highs - Currency Live<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/currencylive.com\/news\/105133-gbp-ready-for-a-leap-to-multi-year-highs\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Stelian Olar\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105133-gbp-ready-for-a-leap-to-multi-year-highs\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105133-gbp-ready-for-a-leap-to-multi-year-highs\\\/\"},\"author\":{\"name\":\"Stelian Olar\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/c83637dd6dc82bcaadbc8b6c994d1186\"},\"headline\":\"GBP Ready For A Leap To Multi-Year Highs\",\"datePublished\":\"2020-12-29T14:23:03+00:00\",\"dateModified\":\"2020-12-29T14:23:52+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105133-gbp-ready-for-a-leap-to-multi-year-highs\\\/\"},\"wordCount\":219,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105133-gbp-ready-for-a-leap-to-multi-year-highs\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/12\\\/British-Pound-Consolidates-Gains-NOK.jpg\",\"keywords\":[\"aud\",\"covid\",\"Donald Trump\",\"GBPUSD\"],\"articleSection\":[\"GBP\",\"USD\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2020\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105133-gbp-ready-for-a-leap-to-multi-year-highs\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105133-gbp-ready-for-a-leap-to-multi-year-highs\\\/\",\"name\":\"GBP Ready For A Leap To Multi-Year Highs - 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