The GBP/USD currency pair continues to trade within a narrow range above the 1.3400 level, maintaining its sideways movement for a second consecutive day. During the Asian session on Thursday, the exchange rate fluctuated as traders remain cautious ahead of the upcoming US PCE and GDP data releases, which are expected to influence market sentiment and trading strategies.
As the market awaits these critical economic indicators, the pair's stability reflects a careful balancing act among investors. Any significant deviation in the forthcoming data could prompt volatility, potentially breaking the current range and impacting the dollar's strength against the pound. Thus, GBP/USD traders are closely monitoring the developments, with an eye on a possible breakout in either direction in the near term.
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Data Source: FX Killer Analysis Team Updated: 2026-01-22 01:45
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.