GBP/USD grinds higher but 1.3450 resistance refuses to budge
News brief
GBP/USD added 0.31% on Thursday, pushing into the mid-1.3400s as the US-Iran ceasefire continued to weigh on the US Dollar. But the rally is starting to feel laboured. Cable climbed for a fourth straight session on Thursday, but upside momentum is fading near a key resistance zone around 1.3450.Hotter-than-expected February PCE data did little to dent the risk…
Why traders care
For traders, the practical value is less about the headline alone and more about how it changes context, sentiment and the quality of the next decision.
What to watch next
- Watch follow-through, not just the first reaction: liquidity, volatility and confirmation across related assets usually tell the real story.
GBP/USD added 0.31% on Thursday, pushing into the mid-1.3400s as the US-Iran ceasefire continued to weigh on the US Dollar. But the rally is starting to feel laboured. Cable climbed for a fourth straight session on Thursday, but upside momentum is fading near a key resistance zone around 1.3450.Hotter-than-expected February PCE data did little to dent the risk… GBP/USD added 0.31% on Thursday, pushing into the mid-1.3400s as the US-Iran ceasefire continued to weigh on the US Dollar. But the rally is starting to feel laboured. Cable climbed for a fourth straight session on Thursday, but upside momentum is fading near a key resistance zone around 1.3450.Hotter-than-expected February PCE data did little to dent the risk rally, though hawkish Federal Reserve minutes linger in the background.No UK data on Friday's calendar leaves GBP/USD entirely at the mercy of the March Consumer Price Index release.Rate futures show almost no chance of a Fed cut before September, keeping… For traders, the practical value is less about the headline alone and more about how it changes context, sentiment and the quality of the next decision. Watch follow-through, not just the first reaction: liquidity, volatility and confirmation across related assets usually tell the real story.
