UK Economy

GBP/USD traded around 1.3525 on Monday after stronger UK economic figures and firmer US inflation data kept traders cautious. Technical traders are watching 1.3450 as key support and 1.3650 as the next upside target if the pair rebounds from channel support.

GBP/USD is drawing fresh attention after breaking above the closely watched 1.3500 area and the nearby 1.3489 resistance zone. Traders are now watching whether the former ceiling can become support as pound strength and dollar weakness shape the next move.

GBP/USD continues to consolidate within a rising channel as traders weigh a potential channel breakdown and double top against support strength near trendline.