GBP/USD Extends Rally as Sterling Climbs on Dollar Weakness

GBP/USD continues its upward trajectory, extending gains as the British pound maintains bullish momentum against the US dollar. The pair has been steadily climbing, supported by a weakening US Dollar Index and improved sentiment toward the UK economy. Fundamental drivers include expectations that the Bank of England may hold rates steady longer than previously anticipated, while the Federal Reserve faces growing pressure from softening US economic data to consider easing. The persistent strength in sterling reflects market confidence in the UK's economic resilience relative to the US outlook. From a technical perspective, the pair is testing higher resistance levels as it trends upward, with traders watching key overhead barriers for signs of exhaustion or continuation. Support levels established during the recent climb provide a safety net for bulls. Traders should monitor upcoming US economic releases, including PCE inflation data, which could either reinforce dollar weakness or trigger a corrective pullback in GBP/USD. Risk management remains essential given the pair's extended move.