Brexit sentiment returned positively giving investors hope as well as a factor in supporting the strengthening of the Pound Sterling in late-2020 trading.
After previous negotiations between the UK and the European Union (EU) have been reached, investors are awaiting approval from parliament.
It was recently reported that the UK parliament had approved the Brexit deal and continued to pave the way for better trade relations in the future.
UK Prime Minister Boris Johnson also informed that Britain is currently in the process of intensifying the distribution of vaccines at an immediate rate to avoid facing a third 'lockdown' situation.
On the price chart of the GBP / USD pair yesterday also saw the price continue to rise test again the resistance zone 1.36000.
In the Asian session this morning (Thursday), the price was seen to make a higher rise above the zone level and recorded the latest high level since April 2018 almost at the level of 1.36500.
However, the price dropped slightly and hovered above the level of 1.36000 which forms the latest RBS (resistance become support) zone.
Rising prices were also supported by the depreciation of the US dollar with optimistic sentiment towards the US economic stimulus package.
If the bullish momentum is maintained, the price will continue to record the latest highs with a focus at the level of 1.37000.
On the other hand if the price returns to move below the level of 1.36000, the decline will be seen to test the RBS zone of 1.35000 before lowering to the zone of RBS 1.34000.
