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
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