GBP/USD is now 1.40 on 22nd February, 2021!!!

Hey! Cannae believe that GBP/USD is soaring as such!! 😮 Many investment banks indicated this is because of the effect of the newly distributed vaccine. ... I am still sceptical about the improvement of economic activity because it is really difficult to think that Brexit has induced such a rapid short term recovery (though it might be plausible to say Brexit does in the relatively longer term)! Well, this is a really tricky moment to forecast. Although some investment banks have predicted GBP/USD to be around 1.42, Bank of England still alludes possibly implementing a negative interest rate causing to depreciate GBP value at least for a short run.