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GBP/USD eyes 1.34 as dollar reacts negatively to US data

Following on from the previous update, noting the slide in the USD/JPY after the release of the latest US consumer confidence index, the Pound has just now lifted to a session high close to the 1.34 handle. The Pound has not traded to above 1.34 since the very beginning of 2022. The EUR/USD is higher too, rising back above 1.1150, as the USD Index (USDX) comes under pressure this afternoon. The GBP/USD is currently trading at 1.3395 

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