Britain's rapid vaccination programme | 27 Mei 2021

27 Mei 2021, GBP/USD

Britain's rapid vaccination programme

GBPUSD trading plan:

Britain reported that 38.38 million people had received a first dose of a coronavirus vaccine. Prime Minister Boris Johnson's has pointed to Britain's rapid vaccination programme as a success that will allow the economy to rebound before its peers. This is a positive signal for the British currency. In the interbank market in London, the benchmark three-month Libor rate has renewed its historic low, which indicates a significant surplus of dollar liquidity in the financial system. The American currency shows weakness during such periods.

Investment idea: buy 1.4100 and take profit 1.4206.

David Johnson
Analyst of «FreshForex» company
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