🔹 Fundamental Analysis

Pound Gains Momentum as UK Growth Outpaces Expectations
GBP/USD has strengthened in recent weeks, with 1.3468 reflecting broad U.S. dollar softness and growing optimism about the UK economy:

• # Bank of England (BoE): With resilient inflation and wage growth, the BoE is expected to delay rate cuts until late 2025. This supports the pound.
  
  

• # U.S. Federal Reserve: Markets are anticipating a more dovish Fed stance with potential rate cuts in Q4, pushing the dollar lower and boosting GBP/USD.
  
  

• # UK Economic Surprise: The UK economy is showing signs of recovery, especially in services and manufacturing, driving capital inflows and supporting sterling.
  
  

• # Political Stability: Increased investor confidence due to clearer fiscal policy and reduced Brexit-related uncertainty is helping lift GBP.

📉 Technical Analysis

• # Current Price: 1.3468

• # Support Levels: 1.3300 – 1.3360

• # Resistance Levels: 1.3600 – 1.3800

• # Trend Outlook: Mild-to-strong bullish

• # Indicators: RSI in healthy uptrend (near 60), MACD still bullish on daily and weekly charts
  
  

If GBP/USD breaks above 1.3600, the pair could aim for 1.3750–1.3800 into Q4, especially if Fed dovishness continues.

📈 SignalMines Insight

SignalMines projects a target zone of 1.3750–1.3850 for GBP/USD by the end of 2025, driven by a softer U.S. dollar and resilient UK macro data. Traders should consider pullback entries near 1.3360, especially ahead of BoE and Fed meetings.

Range expansions may occur during inflation or employment data releases, so risk-adjusted entries with confirmation are key