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April 17, 2025

GBP/USD Trades Below 1.3250 After Recent Highs

The GBP/USD currency pair has recently shifted below the 1.3250 level after retreating from its six-month peak of 1.3292 reached on Wednesday. This marks the end of a strong seven-day rally. Traders are now focusing on essential US data releases later today, such as Building Permits, Housing Starts, the Philadelphia Fed Manufacturing Index, and weekly Initial Jobless Claims. These upcoming releases may influence movements in the GBP/USD pair and could signal potential trading opportunities. As the market keeps a close watch on these figures, volatility could increase in the next sessions.

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