GBP/USD Weakens on Hawkish Fed and Rising US Treasury Yields

The Pound Sterling has weakened against the US Dollar due to higher US Treasury yields and the Federal Reserve's hawkish policy stance. This shift has created renewed downside pressure on the Pound.

The UK trade balance release also remains a key fundamental indicator for the currency pair, with recent data meeting Fed-driven sentiment.

GBP/USD is trading below its 20-day ($1.3389), 50-day ($1.3477), and 200-day ($1.3419) moving averages, signaling short-, medium-, and long-term seller pressure.