GBP/USD surged during the North American session as risk sentiment improved following a de-escalation in the trade tensions between the US and Europe. The exchange rate rose, with the British Pound gaining momentum as traders reacted positively to the easing of trade uncertainties. At one point, GBP/USD touched a high of 1.2480, reflecting a notable rally in the currency pair.
Despite strong US economic data, which typically boosts the USD, the greenback struggled to maintain its strength. The figures showed resilience in the US economy, but the Dollar failed to capitalize on the positive numbers, leaving the exchange rate under pressure. The market's focus shifted towards risk appetite, helping GBP/USD maintain its upward momentum, while the USD weakened in the face of broader market optimism.
About FX Killer Trader Incubation Program
Want to become a professional trader? FX Killer offers a completely free professional trader training program. We provide systematic courses, practical training, and professional mentorship to help you grow from beginner to full-time trader.
👉 Join Free Training Program | Trading Psychology Assessment
Data Source: FX Killer Analysis Team Updated: 2026-01-22 15:38
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.