Economic data: The UK has been releasing positive economic data lately, including an unchanged/lower unemployment rate, an increase in retail sales, and better-than-expected GDP growth. This has helped boost confidence in the UK economy and its currency.
Brexit: The uncertainty surrounding Brexit has largely dissipated, as the UK and EU have agreed on a trade deal. This has helped ease concerns about the impact of Brexit on the UK economy and the pound.
US political uncertainty: The US has been experiencing political turmoil this has led to concerns about the stability of the US government and its currency.
Overall, these factors suggest that the GBP/USD pair could continue to show strength in the near term. However, it's important to note that currency markets can be unpredictable, and there are always risks and uncertainties to consider when trading.
Brexit: The uncertainty surrounding Brexit has largely dissipated, as the UK and EU have agreed on a trade deal. This has helped ease concerns about the impact of Brexit on the UK economy and the pound.
US political uncertainty: The US has been experiencing political turmoil this has led to concerns about the stability of the US government and its currency.
Overall, these factors suggest that the GBP/USD pair could continue to show strength in the near term. However, it's important to note that currency markets can be unpredictable, and there are always risks and uncertainties to consider when trading.
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