In trading in Europe, major currencies are trading in positive territory against the US currency. The highest yield is shown by the British pound (0.94%). It is actively bought for the Canadian dollar, Australian dollar and euro.
The main factor driving the strengthening of the British is the weakness of the dollar and the market's optimistic sentiment regarding the lifting of restrictions in the UK last week. The pound / dollar pair rose to 1.3969 (+159 points). Although the euro was under pressure, it also managed to show an increase of 105 points to 1.2048. The Briton has deviated from the 55 (LB) centerline by 1%.
Technical analysis also contributed to the sharp rise in the GBP / USD pair. On the daily timeframe, after the breakdown of the trend line, the double top pattern is worked out. The pair reached an intermediate resistance, after which the road to the level of 1.4150 is opened for buyers. The euro has corrected from a maximum of 1.2048 to 1.2018. The euro is under pressure from the cross pair, so the pullback is faster than the pound.