- GBP / USD climbs to highs since May 2018.
- The pound again among the best performing currencies.
He GBP / USD jumped to 1.3548, reaching the highest level since May 2018, after the BBC reported some optimism in reaching a Brexit deal, following the UK’s acceptance of the idea of a “managed divergence” to have preferential access to the single market.
From the peak then the price fell, but remained above 1.3500. The pound continues to be the best performing currency these days, supported by the expectation that an agreement will finally be signed in the United Kingdom and the European Union.
Another factor driving GBP / USD is the weak dollar. The greenback fell to its lowest in years on several fronts. The DXY is testing 90.00. Stocks are rising giving the pair another support.
The operators continue with the expectation placed on the news by the Brexi and also in the possibility of an agreement in the US for more fiscal stimuli. In minutes, US economic data will be published and then in the second half of the American session, the Federal Reserve will release its monetary policy decision. Thursday will be the turn of Bank of england.
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