GBP/USD surged towards 1.3460 on Tuesday, reflecting growing market sentiment to sell the US Dollar (USD) amid escalating trade tensions. The 'Sell America' trade gained traction as participants reacted to President Donald Trump's heightened trade conflict with Europe, prompting a broad sell-off of USD and US assets.
This shift in sentiment has implications for the currency pair, as traders look to capitalize on the weakening USD against other currencies, including the Euro (EUR). The exchange rate movement highlights the ongoing volatility in the forex market, driven by geopolitical factors and trade relations. As GBP/USD approaches key technical levels, market participants will closely monitor developments for further trading opportunities.
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Data Source: FX Killer Analysis Team Updated: 2026-01-20 17:29
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.