GBP/USD has continued its upward momentum for the second consecutive session, hovering near 1.3360 during Asian trading hours on Tuesday. The Pound Sterling (GBP) is gaining strength as the US Dollar (USD) weakens following Moody’s Ratings downgrade of the US credit rating from Aaa to Aa1.

This environment creates potential trading opportunities for forex investors. The correlation between the GBP and the USD remains critical to watch. As market participants reassess the Dollar’s performance, traders are keenly observing GBP movements for insights.

Understanding these implications is essential for anyone trading currency pairs like GBP/USD. Keeping tabs on economic indicators can provide traders with an edge in anticipating future trends.