GBPUSD

The pound has shown strong performance since the beginning of the year, recording nearly a 10% increase in value from its January low. The pair has managed to break above the technically critical resistance level of 1.3200. In the macroeconomic assessment, the trade policies of the US administration play a decisive role in the trajectory of the British pound. Historical data shows that April is traditionally a strong period for the GBP/USD pair, providing an average positive return of 0.66%. As technical indicators turn negative, this suggests the possibility of a price correction in the near term. In the current technical outlook, like the EUR/USD pair, there are probabilities that selling pressure may continue.