Oil, Inflation & USD Strength Crushing GBPUSD!British Pound vs US DollarFPMARKETS:GBPUSDJoeChampionHey Traders, In today’s trading session, we are monitoring GBPUSD for a selling opportunity around the 1.33600 zone. The pair is currently trading in a downtrend and remains in a corrective phase, approaching a key resistance area near 1.33600 that aligns with the overall bearish structure. From a fundamental perspective, the pound remains under pressure as the macro environment increasingly favors the US dollar. Ongoing geopolitical tensions and the sharp rise in oil prices are driving safe-haven flows into the dollar, pushing GBPUSD lower for several consecutive sessions. At the same time, the divergence between the Federal Reserve and the Bank of England continues to weigh on the pair. The Fed is maintaining a “higher for longer” stance supported by resilient US data, while the Bank of England remains more cautious due to slowing UK growth and a fragile economic outlook. Additionally, the UK economy is showing signs of weakness, with business activity slowing and cost pressures rising due to energy prices. This creates a difficult environment for the Bank of England, limiting its ability to tighten aggressively compared to the US. Overall, with a stronger dollar, rising yields, and macro pressure on the pound, the fundamental backdrop supports further downside in GBPUSD. Technically and fundamentally aligned, the current rally into the 1.33600 resistance zone could provide a solid opportunity for sellers to step in. Overall bias: bearish — prefer selling rallies.