GBP/USD dips to around 1.3435 during Thursday’s early European session, reflecting dollar strength against the Pound Sterling. This movement follows a significant legal ruling that blocked sweeping tariffs proposed by President Donald Trump.

Traders should remain alert as the US GDP release approaches, which may induce further volatility in this carefully watched pair. The current market context emphasizes the complexities of trading strategies as economic indicators shape currency movements.

As developments unfold, GBP/USD traders must stay informed on broader macroeconomic conditions. Understanding these factors will enhance decision-making processes in trading.