GBPUSD InsightBritish Pound/US DollarFX:GBPUSDshawntime_academyWelcome, subscribers. Please share your personal opinions in the comments. Don’t forget to like and subscribe. Key Points - Former U.S. Treasury Secretary Scott Bessent said, "Starting in September, a 50bp cut could be the beginning of a series of rate cuts," and argued that the benchmark rate should be lowered to as much as 1.75%. - U.S. President Donald Trump stated that if no ceasefire agreement is reached with Russian President Vladimir Putin by the 15th, sanctions and tariffs will follow. However, if the summit between the two leaders is successful, a trilateral meeting including Ukraine will be held immediately. - The Bank of England cut its benchmark interest rate by 25bp from 4.25% to 4.00%, but some hawkish members warned that inflationary pressures remain significant. The Bank also cautioned that inflation could rise to 4% by September, dampening expectations for further rate cuts. Major Economic Events This Week + Aug 14: U.K. Q2 GDP, U.S. July Producer Price Index (PPI) + Aug 15: U.S. July Retail Sales GBPUSD Chart Analysis The price had retreated to the 1.31500 level but found support there and successfully broke through the 1.34000 level. It is currently trading around 1.36000. With trendline resistance near the current price, maintaining upward momentum may be difficult. Even if the uptrend continues, the 1.38000 level is likely to act as a ceiling. In the short term, further upside remains possible, but from a mid- to long-term perspective, a trend reversal to the downside is expected.