GBP/USD maintains its position above 1.2950, approaching four-month highs as it attempts to build on its momentum. Trading around 1.2960 during the Asian session, this pair showcases a determination to extend its gains for a third-straight day. Ongoing pressures on the US Dollar persist, as tariff uncertainties from President Trump contribute to market instability. Fears of a potential US recession further complicate the dollar’s outlook. Forex traders must pay close attention to these factors, as they can significantly impact currency pairs. Staying informed allows for better trading strategies moving forward.