GBP/USD: Can Sterling Surge Above 1.40? Sunak And The Senate Hold The Keys

Above 1.40, the next level to watch is 1.4020, which is where the 50 SMA hits the price. It is followed by 1.4050, which provided support in late February, and then by 1.4095 and 1.4040.

Some support awaits at 1.3935, the daily low, followed by 1.3885, last week’s bottom. The weekly trough of 1.3855 is next.

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