GBP/USD nears April highs, boosted by dollar weakness and a fresh U.K.-EU trade framework.
GBP/USD climbed to 1.3354 after breaking above the 50-SMA (1.3282), with RSI at 59.66, showing moderate bullish pressure. Sterling benefited from the dollar’s retreat following Moody’s downgrade and trade policy uncertainty. The U.K.’s new EU trade framework also supported the pound. While buyers pushed toward April highs, consolidation is likely unless U.S. policy clarity improves. The greenback’s recent decline has opened short-term upside for cable.
