Pound Hits 3-Year High on Trade Optimism. Forecast as of 23.05.2025

A trade deal with the US, strong UK macroeconomic data, the Bank of England's cautious approach, and the fact that the UK will avoid a fiscal crisis are all factors that are boosting the GBPUSD pair. Let's discuss this topic and make a trading plan.Major Takeaways The trade deal with the US has dispelled uncertainty. Accelerating inflation allows the BoE to proceed without haste. The UK will avoid a fiscal crisis. Long trades on the GBPUSD pair can be considered with the targets at 1.35 and 1.38