GBPUSD

The GBP/USD pair is trading close to the 1.3000 level, rising by 0.75% due to positive effects from recent developments in the US-China trade tensions. Trump's decision to delay tariffs for 90 days on most countries while raising tariffs on China to 145% has partially increased risk appetite in the markets and supported the Pound. The Bank of England's more cautious stance on interest rate cuts compared to the European Central Bank has strengthened the recovery in the pair. Lower-than-expected inflation data and an increase in unemployment benefit claims in the US have put pressure on the dollar while helping the Pound gain value. Market targets have revised the outlook for GBP/USD to "neutral-positive", and it is anticipated that if the 1.29-1.30 range is exceeded, the movement towards the 1.31-1.32 resistance levels will continue. The upcoming UK GDP data is crucial for further upward movement.