Home / Market Update / Forex Market / GBP Maintains Gains amid USD Weakness

GBP Maintains Gains amid USD Weakness

The British Pound (GBP) rose against the U.S. Dollar (USD) on Tuesday, supported by the decline of the latter, amid anticipation for the progress of trade talks between the United Kingdom (UK) and the European Union (EU).

The GBP/USD is trading at 1.3242, up by 1.07% for the day, after rising earlier today to $1.3276, its highest level since the end of 2019.

The Sterling is also up against the Euro by around 0.47%.

Support Levels: 1.3079 – 1.3053 – 1.3031

Resistance Levels: 1.3127 – 1.3149 – 1.3175

Check Also

Dow Jones Soars On Market Optimism Stirred By Bessent’s Nomination for Treasury Dept

The Dow Jones Industrial Average (DJIA) surged to a new all-time high just below the …