The GBP/USD pair is heading back towards 1.2700 amid a fresh round of  selling seen in the US dollar across the board, as the risk sentiment  improves in Europe.  EUR/USD jumped to fresh multi-month highs on Tuesday after the European  Union reached a historical deal on the €750 billion coronavirus recovery  fund. The Dollar Index was down 0.1% at 95.718, having earlier traded  at a more than four-month low of 95.687. USD/JPY was up 0.1% at 107.31