The pound sterling extends gains to 1.3400, reaching its 200-day EMA for the first time in eight consecutive sessions.
GBP/USD has climbed for eight straight days, rising from near 1.3150 to test its 200-day Exponential Moving Average. The pair now sits at a critical technical level, with the 50-day EMA just below and the 1.3400 handle in sight.
The rally marks a shift from earlier consolidation, as sterling benefits from improved risk sentiment and relative monetary policy expectations. The 200-day EMA has acted as a key resistance point in recent months, with traders closely watching for a sustained breakout.
Market focus remains on whether the pair can hold above this level, which could signal further upside potential in the near term.