The Pound bulls back in control, after erasing all of this week’s losses, as Brexit deal reportedly had a smooth run through the Parliament. Also, earlier this morning, Oxford/AstraZeneca covid vaccine approved by UK regulators, which will likely be positive for the Cable bulls going forward. Our bias remains bullish for now, as we believe the Sterling still has more room to the upside if equities keep breaking to new all-time highs.
Support: 1.3530 / 1.3430
Resistance: 1.3620 / 1.37