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April 7, 2025

GBPUSD Breaks Key Support Ahead of US Trading Session

The GBP/USD currency pair has seen volatility in the wake of recent tariff announcements, which has led to aggressive trading patterns. Following Donald Trump’s statements, the US dollar was initially sold off on speculation of severe Federal Reserve rate cuts. However, the market recalibrated as traders acknowledged the broader implications of these policies, resulting in a stronger dollar. As the US trading session approaches, GBP/USD has fallen below key support levels. Analysts recommend monitoring this pair closely for any potential rebounds or continued declines as market sentiment evolves.

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