{"id":108433,"date":"2021-02-16T18:48:53","date_gmt":"2021-02-16T18:48:53","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=108433"},"modified":"2021-02-16T18:48:53","modified_gmt":"2021-02-16T18:48:53","slug":"105397-gbp-usd-slips-from-multi-year-highs-but-holds1-39","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/105397-gbp-usd-slips-from-multi-year-highs-but-holds1-39\/","title":{"rendered":"GBP\/USD slips from multi-year highs but holds1.39"},"content":{"rendered":"<ul>\n<li><strong>The rapid COVID-19 vaccinations programme in the UK underpins sterling.<\/strong><\/li>\n<li><strong>The upbeat market mood hit demand for the safe-haven USD.<\/strong><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">The GBP\/USD rose to a fresh 34-month high and has since retreated to the lower end of its daily traded range. Although it is holding above 1.39.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The Bank of England\u2019s neutral stance continued to benefit the Pound. As did falling covid cases and the impressive number of vaccinations meaning the UK could reopen its economy sooner rather than later.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u00a0This, along with a soft tone surrounding the US dollar offered further support to the GBP\/USD.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">COVID-19 vaccinations and expectations for a huge US fiscal stimulus package have been fueling the optimism over a strong global economic recovery. This is boosting risk appetite reflected in the ongoing equity market rally whilst undermining the safe haven greenback.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The US bond market has been pricing Joe Biden\u2019s proposed $1.9 trillion stimulus package. 10-year US government bond yields reached fresh 13 month highs but failed to boost the US Dollar.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Bullish traders are showing caution given the slightly overbought conditions on short-term charts keeping GBP\/USD from pushing higher. The near term bias is still bullish with the key 1.40 psychological target in focus.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The rapid COVID-19 vaccinations programme in the UK underpins sterling. The upbeat market mood hit demand for the safe-haven USD. The GBP\/USD rose to a fresh 34-month high and has since retreated to the lower end of its daily traded range. Although it is holding above 1.39. The Bank of England\u2019s neutral stance continued to [&hellip;]<\/p>\n","protected":false},"author":163946597,"featured_media":5970,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1379,1381],"tags":[1394,3401],"class_list":{"0":"post-108433","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-usd-gbp-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\/USD slips from multi-year highs but holds1.39 - 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\/105397-gbp-usd-slips-from-multi-year-highs-but-holds1-39\/\" \/>\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\\\/105397-gbp-usd-slips-from-multi-year-highs-but-holds1-39\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105397-gbp-usd-slips-from-multi-year-highs-but-holds1-39\\\/\"},\"author\":{\"name\":\"Fiona Cincotta\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/8ef0fafb6c93f1204150bb907b42cfec\"},\"headline\":\"GBP\\\/USD slips from multi-year highs but holds1.39\",\"datePublished\":\"2021-02-16T18:48:53+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105397-gbp-usd-slips-from-multi-year-highs-but-holds1-39\\\/\"},\"wordCount\":209,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105397-gbp-usd-slips-from-multi-year-highs-but-holds1-39\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2017\\\/08\\\/pounds-brexit.jpg\",\"keywords\":[\"gbp\",\"USD GBP\\\/USD\"],\"articleSection\":[\"GBP\",\"USD\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2021\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105397-gbp-usd-slips-from-multi-year-highs-but-holds1-39\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105397-gbp-usd-slips-from-multi-year-highs-but-holds1-39\\\/\",\"name\":\"GBP\\\/USD slips from multi-year highs but holds1.39 - 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