GBP/USD and another test of 1.3400

The Sterling is now picking up extra pace as sentiment in the riskier assets continues to improve, with GBP/USD testing highs above the 1.3400 handle.

GBP/USD focus on summit

The pair is adding to yesterday’s gains beyond the 1.3400 mark, extending the rebound from Monday’s fresh 3-decade lows in the 1.3120 region in response to a persistent risk-on sentiment.

News from the UK noted Conservative Party candidate Stephen Crabb has ruled out another ‘Brexit’ referendum, all ahead of today’s EU Leaders Summit.

Across the pond, US PCE is due seconded by Pending Home Sales and Personal Income/Spending.

GBP/USD levels to consider

As of writing the pair is gaining 0.36% at 1.3408 and a break above 1.3418 (high Jun.28) would open the door to 1.3833 (previous 2016 low Feb.29) and finallt 1.4004 (low Apr.6). On the other hand, the next support aligns at 1.3224 (post-Brexit low Jun.24) followed by 1.3126 (20176 low Jun.27).