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BTCC / BTCC Square / Global Cryptocurrency /
GBP/USD Eyes Bullish Breakout Amid Trade Talks and USD Weakness

GBP/USD Eyes Bullish Breakout Amid Trade Talks and USD Weakness

Author:
Global Cryptocurrency
Published:
2025-04-28 19:18:02
18
3

The GBP/USD exchange rate has surged above 1.34, marking its highest level since late 2022 before a slight retracement. The British pound’s resilience defies ongoing UK economic headwinds, buoyed by stronger retail sales data and Optimism surrounding potential US-UK trade agreements.

Dollar softness and evolving Bank of England policy expectations are amplifying the pair’s upward momentum. A decisive break above the 1.3440 resistance level could signal further appreciation for the sterling.

Market participants are closely monitoring the interplay between trade negotiations and central bank policy divergence, which continues to drive forex volatility. The pound’s performance remains a barometer of risk sentiment in currency markets.

|Square

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