April 21, 2021 - Written by David Woodsmith Broad US Dollar weakness has persisted this week, causing the British Pound to US Dollar (GBP/USD) exchange rate to hit its best levels in a month. The pair is struggling to hold those highs however, amid a lack of fresh upside support for Sterling. With both the Pound and US Dollar running out of steam lately, volatility may be ahead unless upcoming data boosts market demand for either of these weakening currencies. Last week saw GBP/USD open at the level of 1.3706, not far above the pair’s lowest levels all month. However, as the US Dollar continued to be sold GBP/USD saw a notable recovery and closed last week at the level of 1.3838.