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The GBP/USD pair gained more than 50 points and rose from two-month lows to reach new highs in the 1.3720-25 areat the start of the European session.
The weaker tone surrounding the US Treasury yields limited the strong gains for the US dollar, which helped the GBP/USD pair to bounce back from the 100 day SMA support near 1.3670-65, but there are several factors that may prevent investors from placing strong bids.
The possible link between the blood clotting disorder and the Corona vaccine from AstraZeneca forced the medical regulator in the United Kingdom to temporarily ban the vaccine for the age group of less than 30, which may delay the government’s plan to reopen the economy and all this constitutes a negative for the pound, this is in addition to the recent unrest in Northern Ireland.
