The US dollar continues to weaken, having reached a three-year low against the euro and a six-month low against the yen. The reason is the instability in the U.S. trade policy, including the temporary cancellation of tariffs on electronics from China. At the same time, the Federal Reserve is considering lowering interest rates despite high inflation, which also affects the dollar. As a result, investors are turning their attention to other currencies, such as the Pound Sterling and the Australian Dollar, which are strengthening on the back of the weakening dollar.The GBP/USD pair has already updated the high reached at the beginning of the month. The nearest significant resistance can be found by the market closer to the marks: 1.33-1.34, which we wrote about earlier.