The start of the week saw the major currency return to record after a weak trading session on Friday following risk-off sentiment in the market.
The increase was driven by the prospect of a resurgent US fiscal stimulus package and encouraging developments in the Brexit trade talks.
On Sunday, the UK and the European Union (EU) agreed to work further in the coming days to reach a trade agreement to avoid a Brexit no-deal by the transition deadline at the end of this month.
The UK and EU agreements to continue these talks have supported the pound sterling to open higher at 1.33600 against the US dollar at the start of today's Asian session.
Meanwhile, a $ 908 billion bipartisan coronavirus relief plan is expected to be tabled in the US Congress soon on Monday which will be divided into two parts for approval by Congress.
Against most major currencies, the greenback dollar traded down 0.15% at 90.81.
Meanwhile, US President Donald Trump's announcement that vaccinations with the Pfizer vaccine will begin on Monday also supports market sentiment expecting a faster global recovery.
The Aussie dollar traded higher against the USD with investor focus also on the issuance of the Reserve Bank of Australia (RBA) meeting minutes early tomorrow morning.
While the kiwi dollar was also positive ahead of the economic data at the end of the week which is projected to show a sharp increase in New Zealand Gross Domestic Product (GDP).
