Keir Starmer

GBP/USD remains trapped inside a descending channel after a sharp bearish rejection near key resistance. Traders are watching whether a move back toward 1.3418 produces another short-side signal before 5pm London time.

Recent moves by the Financial Conduct Authority and the Bank of England suggest the UK is moving closer to its long-stated ambition of becoming a global cryptoasset hub. Market participants say the shift could improve conditions for stablecoin issuers, crypto firms, and institutional adoption, though key parts of the framework remain unfinished.