GBP/USD Prepared for More Movement: Will a Pullback Happen First?
The USD saw an uplift on Monday, primarily due to favorable news surrounding US-China tariff discussions. This optimistic view shifted market sentiment and led many to anticipate a more hawkish approach with global tariffs averaging around 10%. Such developments suggest that economic activity may rebound, easing fears around growth. Investors should analyze whether GBP/USD will rally further or experience a deeper retracement before upward momentum resumes. Observations of current price actions and market sentiment will play a vital role in making educated trading choices in the coming sessions.