• GBP/USD steadies around 1.2944 on Wednesday as a nervous world awaited details of U.S. President Donald Trump's tariff plans and investors fretted about the risks of an intensifying global trade war.
• Trump is set to announce sweeping reciprocal tariffs on global trade partners at 2000 GMT, calling it Liberation Day, a move that could disrupt decades of trade practices..
• Britain remains hopeful that U.S. tariffs will be reversed soon if both sides can agree on a new economic partnership, according to the country's business minister.
• The UK has a more balanced trade relationship with the U.S. compared to long-standing Trump targets like the European Union, China, Mexico, and Canada.
• Immediate resistance is located at 1.2996(23.6%fib), any close above will push the pair towards 1.3028(Higher BB)
• Strong support is seen at 1.2884 (38.2%fib) and break below could take the pair towards 1.2851(Lower BB).
Recommendation: Good to buy around 1.2930, with stop loss of 1.2850 and target price of 1.3050
