The GBP/USD pair is testing a significant resistance zone around 1.3030–1.3050 after sustained bullish momentum. Technical indicators like the RSI and moving averages signal room for further upside, while fundamental factors—including the Bank of England’s hawkish stance versus a softer Fed outlook—support potential gains. A successful breach here could open the door to higher levels near 1.3150, making this a critical juncture for traders and investors to watch closely.

US dollar edges higher amid cautious market sentiment as resilient US economic data and Federal Reserve’s “higher for longer” rate outlook boost safe-haven demand. Euro weakens on Eurozone growth concerns while sterling steadies after BoE signals pause. Yen remains near multi-decade lows on BOJ’s loose policy.
Credit: Article originally published by Mitrade News (https://www.mitrade.com/au/insights/news/live-news/article-1-1014892-20250806)

GBP/USD stalls below 1.3348 as USD safe-haven flows reassert amid rising geopolitical and global growth concerns. Sterling faces headwinds from slowing UK growth, persistent inflation, and domestic uncertainty, challenging bulls amid elevated volatility. Key levels to watch: resistance near 1.3348 and support around 1.3200.