GBP/USD above 1.31000

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Source: Dukascopy Bank SA
The tariffs implemented under President Trump have had a significant impact on the major currency pairs, and GBP/USD has not been an exception. The strong impulse generated by these tariffs has pushed the GBP/USD pair above the 1.31200 level. This movement has created upward momentum, signaling potential further movement to the upside in the near term. On a directional basis, this suggests a bullish outlook for GBP/USD, as the pair seems poised to continue its ascent.



Given the economic and geopolitical factors at play, such as trade tensions and shifts in monetary policy, traders will likely be watching for any additional catalysts that could drive the pair higher. This could include further developments in U.S. tariff policies or responses from the Bank of England and Federal Reserve that may impact market sentiment and influence the pair's future trajectory.
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