• GBP/USD steadied around 1.3265 on Friday as sterling supported by the announcement of a breakthrough trade deal between Britain and the U.S.
• U.S. President Donald Trump and British Prime Minister Keir Starmer announced a limited bilateral trade deal on Thursday, maintaining Trump’s 10% tariffs on British exports, expanding agricultural access, and reducing U.S. tariffs on British car exports.
• Trump’s administration faces investor pressure to make deals and ease the tariff war, as his unpredictable policies have disrupted global trade and raised recession and inflation fears.
• Bank of England Governor Andrew Bailey welcomed the UK-U.S. trade deal but noted most British goods still face higher U.S. tariffs than before last month.
• Immediate resistance is located at 1.3415(23.6%fib), any close above will push the pair towards 1.3455(Higher BB)
• Strong support is seen at 1.3223(38.2%fib) and break below could take the pair towards 1.3151(Lower BB).
Recommendation: Good to buy around 1.3260, with stop loss of 1.3200 and target price of 1.3400
