The GBP/USD currency pair saw a rebound from a nearly three-week low as it found support near the crucial 200-day Simple Moving Average (SMA). During the Asian trading session on Monday, the pair dipped significantly but has since managed to recover, now eyeing levels in the mid-1.3400s.
This movement comes as concerns over the Federal Reserve's monetary policy continue to weigh on the USD. With traders cautious about the potential implications of interest rate decisions, the exchange rate for GBP/USD reflects a broader trend of market volatility influenced by central bank signals. As the pair stabilizes, market participants will be keen to monitor further developments in both the USD and GBP for clues on future price action.
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Data Source: FX Killer Analysis Team Updated: 2026-01-12 01:46
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.