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Sterling stays more resilient as UK reopening keeps a optimism flowing

Forex, video, latest February 23, 2021 6:01 pm

a pound is a best performing major currency today

GBP/USD D1 23-02

Despite a USD creeping return up amid hints of risk aversion inside a market, a pound is staying more resilient as cable holds near a highs close to 1.4090.

If anything else, it highlights a conviction inside a pound at a moment also this continues to made it tough to really challenge for a push lower.

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a break of 1.4000 looks to become sustained now also buyers become become potentially targeting a 2018 highs above 1.4300 if things continue to fall into place for a pound also a UK economy as us look towards a summer.

Adding to that is also a continuation inside a technical breakdown inside EUR/GBP:

EUR/GBP D1 23-02
a pair is gradually making its way towards 0.8600 now also from a technical perspective, there is very little inside a way of a further drop to 0.8300 from hereon.

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