Quick pace of the UK vaccination process is supporting the British pound. Moreover, Prime MInister Johnson announced that the government will publish a timetable for easing restrictions on February 22. FX pairs tied to GBP extended advance following yesterday. GBPJPY caught a bid following a break above the 144.30 pair and has managed to break above the upper limit of the upward channel yesterday. The pair trades near 147.00 handle at press time and is approaching the resistance zone marked by the December 2019 peak (147.80 area).

Source: xStation5
Indices rebound as oil slides to $102 📉 Low jobless claims reading supports US dollar
BoE keeps rates unchanged and issues a dovish statement, thereby weakening the GBP⬇️
🇬🇧 Will the pound recover after the BoE?
Economic calendar: Final Eurozone CPI data and U.S. jobless claims