GBP/USD Rises

The GBP advanced for a second session in a row amid good expectations of a Brexit resolution on its way.

This comes after the British Conservative Party’s won the elections.

The GBP appreciated against most pairs after Chief Secretary to the Treasury Rishi Sunak said the government plans to put its Brexit legislation.

Now, the sterling trades at $1.3367, which is an incline of $0.00389 or 0.29% from the previous close of $1.33283.

The daily range is from 1.3323 to 1.3422, while the trading volume is 146.706K.

The currency is also stimulated by hedge funds, according to an Asia-based currency trader.

Additionally, most market participants are expecting that the Prime Minister Boris Johnson will successfully execute Brexit with the EU and could even come up with a  free-trade agreement with Washington.