GBP/USD Holds Key Moving Average, Bullish Bias Remains Intact

The GBP/USD currency pair is holding steady near the 1.3600 level, maintaining its bullish bias as it trades above the key 100-day simple moving average (SMA).

This technical threshold has acted as a dynamic support level, reinforcing the bullish structure for GBP/USD.

The Fed and BoE's monetary policy outlook is also providing some support to the pound, with the Fed adopting a patient approach to rate cuts while the BoE maintains a cautious stance amid mixed economic data from the UK.