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U.S. Dollar Index is losing ground as traders focus on auto tariffs. Today, traders also had a chance to take a look at the GDP Growth Rate report. The report showed that fourth-quarter GDP Growth Rate was +2.4%, compared to analyst forecast of +2.3%.
GBP/USD is moving higher as traders focus on general weakness of the American currency.
A successful test of the resistance at 1.2935 – 1.2950 will push GBP/USD towards the next resistance level at 1.3050 – 1.3070.
GBP/USD 280325 4h Chart
