- The pound marks new highs for the day against the dollar above 1.3700.
- The dollar retreats modestly in the market, maintains a short-term trend in favor.
- On the agenda is the US unemployment benefit report and a new estimate of GDP for the fourth quarter.
The GBP / USD accelerated higher, after falling to 1.3670, the lowest level since mid-February. It recently climbed to 1.3730, marking a new high for the day. The recovery eased downward pressure, but the bias still favors the dollar.
Wall Street futures are trading at moderate gains helping to support GBP / USD. Treasury bond yields show moderating movements. Later, a seven-year debt placement was carried out, which should not generate noise, but last month it was the one that was impacted by weak demand.
Before debt, in EE.UU. Economic data will be released, including the unemployment benefit report, the Kansas Fed index and a new GDP reading for the fourth quarter.
In the last hour the pound also hit daily highs against the euro, recovering part of the recently lost ground. Tensions between the European Union and the United Kingdom over the Oxford-AstraZeneca vaccines have lessened, but it is an issue to be resolved.
In the next few hours, headlines of the presentation of the governor of the Bank of England, Andrew Bailey, at a virtual round table organized by the Bank for International Settlements (BIS). In turn, various Federal Reserve officials (Clarida, Bostic, Evans and Daly) will give public presentations.
Technical levels
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