GBP/USD refreshes three-week highs above 1.3000, then recedes

• GBP/USD briefly regain 1.3000 amid better market mood.
• US dollar on the defensive as US stimulus hopes boost risk.
• US stimulus and Brexit talks eyed, with Powell due to speak.

GBP/USD caught a fresh bid-wave and broke its Asian consolidative range, regaining the 1.3000 level before quickly receding to near 1.2980 region, where it now wavers.

The cable jumped about 20-pips to refresh three-week highs at 1.3007 after the European equities kicked-off on a positive note and lifted the overall market sentiment, downing the safe-haven US dollar.

The greenback also continues to remain pressured by the optimism over a likely US fiscal stimulus deal, as the House Speaker Nancy Pelosi and Treasury Secretary Steve Mnuchin are due to discuss $1.5 trillion additional relief plan again on Tuesday.

more to come ...