GBP/USD TRADES BELOW 1.3250 AFTER RETREATING FROM SIX-MONTH HIGHS
GBP/USD TRADES BELOW 1.3250 AFTER RETREATING FROM SIX-MONTH HIGHS
On April 16, 2025, GBP/USD reached a six-month high of 1.3292 but retreated to around 1.3230 during Thursday's Asian session, snapping a seven-day winning streak.
The U.S. dollar continued its decline, with both safe-haven and risk-sensitive currencies outperforming it amid trader anticipation of potential new trade agreements.
Traders are awaiting key U.S. data releases later in the day, including Building Permits, Housing Starts, the Philly Fed Manufacturing Index, and weekly Initial Jobless Claims, which could influence the GBP/USD pair.
The market remains cautious amid ongoing trade negotiations and economic uncertainties.
The outcome of upcoming U.S. economic data and trade talks will be closely monitored for potential impacts on GBP/USD.
