The GBP/USD currency pair is gaining momentum, trading near the 1.3470 mark during the early European session on Tuesday, rising above the critical support level of 1.3450. This uptick in the exchange rate comes as concerns over the independence of the Federal Reserve weigh on the US Dollar, impacting its overall strength in the forex market.
Market sentiment appears to be shifting, with traders reacting to these Fed-related anxieties, which could signal potential volatility for the USD. As the GBP continues to gather strength, attention will remain on upcoming economic data and central bank communications that may further influence the exchange rate dynamics between the pound and the dollar.
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Data Source: FX Killer Analysis Team Updated: 2026-01-13 06:32
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.