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February 4, 2025

GBP/USD Gains Ground Amid Positive Risk Sentiment

GBP/USD continues its upward trajectory for the second consecutive session, currently trading around 1.2430 during Asian hours on Tuesday. The recent improvement in risk sentiment follows a strategic decision by US President Donald Trump to pause tariffs on Mexico and Canada, positively impacting the GBP’s position. Traders are advised to watch this currency pair closely as it may reveal further possibilities for profitable trades in the wake of changing market conditions.

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