The GBP/USD pair remains under pressure, trading near critical levels as uncertainty around the Bank of England’s policy direction and U.S. economic data weigh on the market. Despite recent attempts to recover, the currency pair has failed to break through resistance, reflecting cautious sentiment among traders.
The dollar’s strength, supported by robust U.S. economic data, has kept the pound in check. Meanwhile, speculation over a possible shift in the Bank of England’s monetary stance has added to the volatility. Traders are closely watching for fresh cues that could either push GBP/USD higher or deepen its recent losses, with upcoming central bank comments likely to set the tone for the next move.
