• GBP/USD climbed above 1.3500 level on Thursday after U.S. President Donald Trump softened his stance on Greenland, while optimism surrounding a potential Ukraine peace deal further lifted sentiment.
• Diplomats said EU leaders will rethink ties with the U.S. at an emergency summit on Thursday after Donald Trump's threat of tariffs and even military action to acquire Greenland badly shook confidence in the transatlantic relationship and rattled global markets this week.
•Trump on Wednesday stepped back from imposing tariffs on U.S.-bound exports from eight European countries and ruled out using force to take Greenland, a semi-autonomous territory of NATO ally Denmark, causing global markets to rally.
•Meanwhile domestic data showed Britain's government borrowed less than expected in December, something that may give Finance Minister Rachel Reeves reasons for optimism in 2026.
• Immediate resistance is located at 1.3549( 38.2%fib), any close above will push the pair towards 1.3589(Higher BB)
• Strong support is seen at 1.3442(50%fib) and break below could take the pair towards 1.3338(61.8%fib).
Recommendation: Good to buy around 1.3550, with stop loss of 1.3450 and target price of 1.3600
