Key events today:

12:30 UTC: USD – Retail Sales Change.

17:30 UTC: USD – Fed Chair Jerome Powell speaks.

The GBP/USD pair continues its winning streak that began on April 8 and is trading around 1.3250 during the Asian session on Wednesday. Earlier in the day, it reached a fresh six-month high at 1.3256.

On Tuesday, UK labor market data showed that the unemployment rate remained unchanged at 4.4% in February, matching expectations.

The Bank of England is refraining from easing monetary policy, citing continued wage growth. However, interest rate futures indicate that markets have already priced in a 90% probability of a rate cut in May, along with expectations of two more cuts this year.

Attention now turns to the UK Consumer Price Index (CPI) data for March, set to be released later on Wednesday.

Meanwhile, the US Dollar Index (DXY), which tracks the greenback against a basket of six major currencies, is trading below 99.80. Later today, focus will shift to US retail sales data for March, which may offer insights into how tariff issues are impacting consumer behavior.

Recommendations: BUY 1.3270, SL 1.3140, TP 1.3470.