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GBP/USD attracted some buyers on Monday near the mid-1.3400s amidst renewed USD selloff.
The prevalent risk-on environment acted as a headwind for the safe-haven USD. Rebounding US bond yields, according to a wide range of investors could limit the USD slide and lead to gains.
The dovish BoE and Brexit jargon could might further hold bulls back from placing aggressive bets.
The GBP/USD pair climbed further beyond the key 1.3500 psychological mark and refreshed daily tops heading into the North American session. The currency pair was last seen trading around the 1.3530-35 region, up nearly 0.30% for the day.
The GBP/USD pair gained some positive traction and built on Friday’s recovery move from five-week lows touched in reaction to the upbeat US NFP report.
The bullish sentiment in financial markets undermined the safe-haven US dollar, which, in turn, was seen as a key factor that provided a lift to the major.
