GBP/USD defends 1.4100 amid fresh optimism over UK unlock
newscatcher
2021-05-20 05:30
GBP/USD defends 1.4100 amid fresh optimism over UK unlock
GBP/USD remains sidelined after the heaviest drop in over a week. UK PM Johnson regains optimism over June 21 deadline to end virus-led activity restrictions. US President Biden sought to break the Northern Ireland's Brexit deadlock. US dollar pares FOMC Minutes-led gains as Treasury yields drop. GBP/USD wobbles inside a 20-pip trading range, recently picking up bids near 1.4115, ahead of Thursday's London open. Although markets reassess the previous day's risk-aversion wave, led by the FOMC Minutes, UK PM Boris Johnson's comments for unlocking seem to have helped the cable buyers of late.

https://www.fxstreet.com/news/gbp-usd-defends-14100-amid-fresh-optimism-over-uk-unlock-202105200522

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