Bybit x FXStreet FX Report: GBP/USD at three-year high with a target price at 1.43

Key Highlights:

• GBP/USD is up near 1.357, its highest level since February 2022

• Technical setup shows an ascending triangle with resistance at 1.37

• A breakout above 1.37 could target 1.435 and an open path toward pre-Brexit levels

• The current UK-US trade deal adds short-term stability amid global tariff risks

• BoE rate decision on Aug 7, 2025 may push GBP higher or reverse gains

• GBP is seen as more resilient than EUR, due to tariff positioning

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