UOB analysts observe GBP/USD range-bound trading, with intraday support at 1.3425 following a rebound from Monday’s low.
The British Pound traded in a tight range against the US Dollar on Monday, dipping to 1.3407 before recovering to close at 1.3456. The pair showed little net change for the session, reflecting persistent consolidation.
Analysts noted intraday support at 1.3425, with resistance likely forming near recent highs. The lack of directional momentum follows weeks of subdued volatility, as markets await fresh catalysts.
No immediate market reaction was reported, with GBP/USD remaining near session highs in early Asian trade.