On March 13, GBP/USD surged, approaching a remarkable four-month high of 1.2989. Currently trading around 1.2960, the pair attempts to extend its gains for a third consecutive day. This uptick draws attention as the US Dollar faces challenges. Ongoing tariff uncertainties from US President Donald Trump add fuel to the dollar’s decline. Simultaneously, fears of an impending US recession place further pressure on the currency. Traders should monitor these developments closely, as shifts in economic sentiment can produce significant volatility in forex markets. Understanding these dynamics can enhance your trading strategy.