GBP/USD continues to trade below the 1.3400 level, hovering around 1.3380 during the Asian session on Friday. This movement comes after a slight pullback in the previous trading day, as the US Dollar strengthens amid cautious expectations regarding the Federal Reserve's monetary policy decisions.
The exchange rate reflects the ongoing market sentiment, where investors weigh the potential implications of future Fed actions on the USD. As traders adjust their positions, the dynamics between the GBP and USD remain closely watched, particularly as the currency pair seeks to regain lost ground and break through key resistance levels.
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Data Source: FX Killer Analysis Team Updated: 2026-01-16 05:24
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.