The British pound rose sharply following comments from Prime Minister Boris Johnson boosted hopes for an economic recovery. PM announced that everyone in England will be able to take a COVID-19 test twice a week in a new drive to track the pandemic as the country slowly reopens from a strict four-month lockdown. Meantime rapid vaccine rollout will continue. Markets are hoping for additional information whether retail, outdoor hospitality and hairdressers can reopen on April 12th in England.
GBPUSD - early in the session Pound bounced off the 50 SMA ( green line) and broke above the major resistance support at 1.3850 following Johnsons comments. If the current sentiment prevails upward move may be extended to the 1.39 level. Source: xStation5
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