GBP/USD REMAINS STRONG NEAR 1.3370 AMID US ECONOMIC SLOWDOWN AND FED POLICY UNCERTAINTY

GBP/USD REMAINS STRONG NEAR 1.3370 AMID US ECONOMIC SLOWDOWN AND FED POLICY UNCERTAINTY
GBP/USD REMAINS STRONG NEAR 1.3370 AMID US ECONOMIC SLOWDOWN AND FED POLICY UNCERTAINTY

GBP/USD REMAINS STRONG NEAR 1.3370 AMID US ECONOMIC SLOWDOWN AND FED POLICY UNCERTAINTY

The pair is maintaining its position around 1.3370, reflecting investor confidence in the British Pound amid a weakening U.S. Dollar.

Concerns over a potential slowdown in the U.S. economy are contributing to the USD's decline, providing support to the GBP.

Recent criticisms of Federal Reserve Chairman Jerome Powell by former President Donald Trump have raised concerns about the Fed's independence, further weakening the USD.

Investors are awaiting upcoming U.S. economic data, including PMI figures, which could influence future Federal Reserve policy decisions and impact the GBP/USD pair.

The GBP/USD pair is approaching key resistance levels. A breakout above 1.3400 could signal further bullish momentum, while a reversal may lead to a retest of support levels.

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