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GBP/USD recaptures 1 3900 amid UK easing optimism

4/6/2021 5:23:02 AM GMT | By Dhwani Mehta GBP/USD is back on the bids amid risk-on mood, weaker DXY.   The UK PM Johnson eases lockdown but puts foreign travel on hold. Focus shifts to the US ISM Services PMI amid a quiet Easter Monday. Fresh bids emerged for GBP/USD, allowing a bounce back above the 1.3900, as the bulls look to revisit three-week highs. The cable remains at the mercy of the US dollar price action so far this Tuesday’s trading, initially reaching multi-week highs at 1.3915 amid the overnight slump in the greenback. However, the sellers returned after the risk sentiment deteriorated and revived the haven demand for the US dollar.   

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