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GBP/USD

British Pound / US Dollar

Current Rate

1.3771

Daily Change

+0.00%

Trend

Bullish

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Technical Overview

GBP/USD shows strong bullish momentum with price trading well above key moving averages. The pair has established a series of higher highs and higher lows, indicating a healthy uptrend. Support is found at 1.2700, while resistance lies at 1.2800. The MACD indicator shows positive divergence, suggesting continued upward pressure.

Fundamental Context

The British Pound is primarily influenced by Bank of England (BoE) monetary policy, UK economic data including GDP, inflation, and employment figures, and Brexit-related developments. The USD side responds to Federal Reserve policy and US economic indicators. Post-Brexit trade relationships and UK political stability also play significant roles in GBP movements.

Key Price Levels

1.2700

Support - Previous consolidation zone

1.2750

Current price level

1.2800

Resistance - Round number psychological level

1.2850

Next target - 2024 high

1.2650

Major support - 100-day MA

What to Watch Today

•Bank of England interest rate decisions and MPC voting
•UK inflation data (CPI) and wage growth
•US Federal Reserve policy announcements
•UK GDP growth figures and retail sales
•Brexit-related trade developments
•UK political developments and fiscal policy

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