Britain's rapid vaccination programme | 27 May 2021
27 May 2021, GBP/USD
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.
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
