EU and British seems to make an agreement on Brexit possibly as soon as next week
There is definitely a positive effect on GBP/USD as a result of some medias reporting on the Brexit negotiation between EU and UK next week.
The UK government is in such a chaos with Dominic Cummings’s departure from Downing Street. People worried how it would affect the negotiation before, but it turns out that those reports did work.
Finally, Brexit seems to end and it may make a new start for different sides.
It seems that lots of people may be immune since the development in vaccines goes smoothly, which definitely make an impact on economics as well.
So far there was such a selling in travelling and airlines business, and it’s time to buy.
Of course, there is a rise in GBP in forex exchange market though, it’s probably a good time to buy emerging markets with the depreciation of the U.S. dollar.