The Great Britain pound (GBP) has lurched higher against the US dollar with a price of more than 1,3400.

If we looked at the GBP/USD currency pair’s journey from the beginning of this month, we got to know that it is constantly if we talked about the recent progress because of the UK’s appreciated gross domestic product index.

On December 22, 2021, the National Statistics published the gross domestic product (GDP), which remained the same compared to previous quarter data but exceeded up to 0.2 per cent in the third quarter. It calculates the total value of all British-manufactured goods and services. GDP is a health and economic indicator for the UK. A high reading or a more substantial number positively affects the UK, while a downward trend is negative (or bearish).

Currently, the GBP/USD pair is stated at 1.3417, as shown in the graph below; because of its resistance levels in the direction of its upward step, the price fears falling backwards or breaking off its forward traction. But this is good for the GBP/USD pair to get support from its downside at different intervals, which could allow the pair’s price to lift at 1.3335 by the combination of the 38.2% fib level the trendline.

Conclusion

With that recent move, the GBP/USD pair is now able to encourage short- and long-term traders.