GBP/USD rise reaches 1.3430

The Pound is still making progress versus the ailing dollar and the outlook for that to continue was noted here a few times yesterday. Well, earlier today the GBP/USD reached its best level since February 2022, when it topped out at 1.3430. The high seen back in February 2022 was set at 1.3644 and that could be a level to note in due course. The Pound has just backed off slightly though, but the overall trend continues to look solid. However, a rebound back above 0.8340 this morning in the EUR/GBP is not making things so easy for the GBP/USD just now. The GBP/USD is currently trading at 1.3413, which is where it closed in the US last night