GBP/USD remains under pressure for a third day, trading near 1.3410 in Thursday’s Asian session, as safe-haven demand strengthens the US Dollar amid Israel-Iran tensions. The BoE is expected to hold rates at 4.25% today. UK inflation eased to 3.4% in May from 3.5%, in line with forecasts but still above the 2% target. Markets still price in about 48 basis points of BoE cuts by year-end.
Resistance is seen at 1.3440, while support holds at 1.3260.
Resistance is seen at 1.3440, while support holds at 1.3260.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.