9.03 - GBP/USD is making 6-week highs, moving beyond 1.3200.

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gbp usd 09032020

The GBP/USD pair jumped to near six-week tops during the early European session, with bulls now looking to extend the momentum further beyond the 1.3200 round-figure marks.

Following a bullish weekly gap opening and a subsequent consolidation through the Asian session, the pair caught some fresh bids and added to last week's strong gains from YTD lows. A heavily offered tone surrounding the US dollar was seen as one of the key factors that provided a goodish lift to the major amid absent negative Brexit-related headlines.

 

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