After a brief adventure to the vicinity of the 1.4100 handle, GBP/USD has managed to pick up pace and return above the 1.4200 mark. The pair has followed EUR/USD’s drop in the wake of the announcement of further easing measures by the ECB at today’s meeting. However, fresh buyers seem to have turned up in the low-1.4100s, sending spot to the 1.4250.55 band, or session peaks. GBP/USD has now turned positive for the day, surpassing yesterday’s tops and on its way to challenge recent peaks above 1.4300 the figure. As of writing the pair is gaining 0.05% at 1.4227 facing the next hurdle at 1.4284 (high Mar.7) followed by 1.4374 (55-day sma) and finally 1.4471 (76.4% Fibo of 1.4670-1.3833). On the flip side, a breakdown of 1.3836 (multi-year low Feb.29) would expose 1.3681 (monthly low June 2001) and then 1.3653 (monthly low March 2009).