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The GBP/USD currency pair maintained a positive trading bias early Monday, hovering near the mid-1.3600 level. The exchange rate remains within close proximity to its highest level since February 11, which was reached late last week. Broad-based weakness in the US Dollar continues to provide underlying support for the British Pound as foreign exchange traders position themselves for potential trend continuations. Market sentiment currently favors the Sterling due to persistent selling pressure surrounding the Greenback, driven by shifting expectations regarding Federal Reserve monetary policy. Traders are closely watching whether GBP/USD can gather enough bullish momentum to clear the immediate overhead resistance ceiling at 1.3660. A successful breakout above this technical barrier could open the door for further upside expansion in the near term. Looking ahead, market participants will be monitoring upcoming macroeconomic releases from both the UK and the United States, alongside central bank communications. Key factors to watch include economic growth indicators, inflation trends, and shifts in yield differentials, which will likely determine if the current bullish breakout attempt materializes or if the pair faces consolidated range-bound trading.
