Latest GBP/USD Update Today
The GBP/USD pair attracted buying interest in the early Asian session, temporarily halting its decline from above 1.2700 to below 1.2600. This recovery is supported by a slight weakening of the US dollar.
Concerns over the US economic outlook and expectations of further Fed policy easing have prevented the USD from sustaining its three-day rebound. The US Dollar Index (DXY) started the week on a weaker note, reversing Friday’s gains.
Meanwhile, the British pound remains strong, driven by expectations that the Bank of England (BoE) will adopt a less aggressive easing approach. However, risks from Donald Trump’s tariff policies and ongoing geopolitical tensions could cap GBP/USD’s upside momentum.
Concerns over the US economic outlook and expectations of further Fed policy easing have prevented the USD from sustaining its three-day rebound. The US Dollar Index (DXY) started the week on a weaker note, reversing Friday’s gains.
Meanwhile, the British pound remains strong, driven by expectations that the Bank of England (BoE) will adopt a less aggressive easing approach. However, risks from Donald Trump’s tariff policies and ongoing geopolitical tensions could cap GBP/USD’s upside momentum.
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✅You can get 5 - 7 gold signals - Forex every day
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✅ Trading knowledge and answers to questions 24/7
✅Completely free.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.