
Professionally Analyzing the GBP/USD Exchange Rate: Insights from Orbex’s March 3, 2025 Blog
Recent Developments in the GBPUSD Exchange Rate Last week, the GBPUSD exchange rate reached a new high of 1.2715, surpassing the previous resistance level of 1.2700 and approaching the next significant resistance at 1.2725. This growth came after a period of consolidation around the 1.2520 support level. Background The British Pound to US Dollar (GBPUSD)…