GBP/USD –26.03.2025
Portfolio Pulse from
The GBP/USD currency pair is experiencing technical weakness, trading below the 1.2940 support level. Traders are observing potential further decline if the market remains below the 1.2980 resistance, with a potential target of 1.2860.
March 26, 2025 | 1:30 pm
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POSITIVE IMPACT
The potential decline in GBP/USD could positively impact the Invesco DB US Dollar Index Bullish Fund (UUP) as the US dollar strengthens relative to the British pound.
As GBP/USD shows bearish technical signals, the US Dollar Index ETF (UUP) is likely to benefit from the pound's potential depreciation, reflecting increased dollar attractiveness.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 60