{"id":107874,"date":"2021-01-19T21:00:41","date_gmt":"2021-01-19T21:00:41","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=107874"},"modified":"2021-01-19T21:00:41","modified_gmt":"2021-01-19T21:00:41","slug":"105263-gbp-could-advance-as-covid-19-cases-begin-to-fall","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/105263-gbp-could-advance-as-covid-19-cases-begin-to-fall\/","title":{"rendered":"GBP Could Advance as Covid-19 Cases Begin to Fall"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">Stock markets advanced in the Asian session in risk on trade.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The notable drop in coronavirus infections in the UK could underpin the Pound. GBP\/USD and GBP\/JPY look to retest their January highs.<\/span><\/p>\n<p><strong>Asia-Pacific Recap<\/strong><\/p>\n<p><span style=\"font-weight: 400;\">Risk appetite rose in the Asian session as investors looked ahead to President-elect Joe Biden\u2019s inauguration and the Senate hearing for Treasury Secretary nominee Janet Yellen. Australia\u2019s ASX 200, Japan\u2019s Nikkei 225 and Hong Kong\u2019s Hang Seng index, all rallied over 1%.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In FX markets, the risk-sensitive currencies AUD, NZD and NOK outperformed while the safe haven associated USD, CHF and JPY lost ground.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">German and Eurozone ZEW Economic Sentiment and a speech from Bank of England Chief Economist Andy Haldane will be in focus.<\/span><\/p>\n<p><strong>Falling Covid Numbers to Underpin GBP<\/strong><\/p>\n<p><span style=\"font-weight: 400;\">The notable drop in daily covid infections in the United Kingdom could underpin the British Pound in the near term. The strict lockdown measures are starting to have a meaningful impact on the infection rate.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Furthermore,\u00a0 one person in 20 is now vaccinated adding to the upbeat mood. That said, the viral daily growth rate remains above 2%, so numbers could still climb.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Technically,\u00a0 GBP\/USD looks set to retest the yearly high set on January 14 (1.3711) as price holds above the 2019 high (1.3515) and the 34-day EMA.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">GBP\/JPY also looks set to continue pushing higher as the price soars past resistance-turned-support at the November high (140.31).<\/span><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Stock markets advanced in the Asian session in risk on trade. The notable drop in coronavirus infections in the UK could underpin the Pound. GBP\/USD and GBP\/JPY look to retest their January highs. Asia-Pacific Recap Risk appetite rose in the Asian session as investors looked ahead to President-elect Joe Biden\u2019s inauguration and the Senate hearing [&hellip;]<\/p>\n","protected":false},"author":163946597,"featured_media":100068,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1379,1381],"tags":[1394,1888,1398],"class_list":{"0":"post-107874","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-gbp","8":"category-usd","9":"tag-gbp","10":"tag-gbp-usd","11":"tag-usd"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>GBP Could Advance as Covid-19 Cases Begin to Fall - 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\/105263-gbp-could-advance-as-covid-19-cases-begin-to-fall\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Fiona Cincotta\" \/>\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\\\/105263-gbp-could-advance-as-covid-19-cases-begin-to-fall\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105263-gbp-could-advance-as-covid-19-cases-begin-to-fall\\\/\"},\"author\":{\"name\":\"Fiona Cincotta\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/8ef0fafb6c93f1204150bb907b42cfec\"},\"headline\":\"GBP Could Advance as Covid-19 Cases Begin to Fall\",\"datePublished\":\"2021-01-19T21:00:41+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105263-gbp-could-advance-as-covid-19-cases-begin-to-fall\\\/\"},\"wordCount\":242,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105263-gbp-could-advance-as-covid-19-cases-begin-to-fall\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2020\\\/05\\\/australia-covid-19.jpg\",\"keywords\":[\"gbp\",\"gbp\\\/usd\",\"usd\"],\"articleSection\":[\"GBP\",\"USD\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2021\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105263-gbp-could-advance-as-covid-19-cases-begin-to-fall\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105263-gbp-could-advance-as-covid-19-cases-begin-to-fall\\\/\",\"name\":\"GBP Could Advance as Covid-19 Cases Begin to Fall - 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