GBP / USD remains around 1.3600 despite dollar recovery

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  • GBP / USD operates without significant changes resisting the rise of the dollar.
  • The pound is up against the euro and is among the best performers on Thursday.

He GBP / USD rebounded after falling to 1.3555 and returned above 1.3600. The pair operates sideways, with a slight rise for the day, the pound being one of the few currencies to appreciate against the dollar.

The dollar index (DXY) is rebounding, rebounding from a lows in years when it fell near 89.00 and is targeting 90.00. The recovery comes in a context of rising Treasury yields and with stocks on Wall Street near record highs. Although the rally moderated in equity markets, what happened in the US Congress and the latest lower-than-expected economic data did not dampen the mood of investors, hoping for a more significant fiscal stimulus.

El jThe report of requests for unemployment benefits and the ISM for services will be published on Thursday. While on Friday it will be the turn of the employment report with the unemployment rate and non-farm payrolls.

At UK fears remain about the increase in cases and the possibility that the Bank of England will have to introduce more monetary stimulus. But this on Thursday is not affecting the pound.

He GBP / USD is trading sideways around 1.3600, without departing from that level. To the upside, a close above 1.3650 would point to more gains, while in the opposite direction, below 1.3550 would leave the pound vulnerable to further losses.

Technical levels

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