The currency pair remains range-bound after failing to extend a rebound from a three-week low near 1.3300.
The GBP/USD pair trades in a tight range around 1.3350 during the Asian session, unable to sustain momentum from the previous day’s modest recovery. The pair had earlier dipped to a three-week low near 1.3300 before bouncing back, but upside progress remains limited.
Market participants await fresh catalysts as the pair consolidates, with resistance seen above 1.3350. The lack of directional conviction follows a period of subdued volatility, with traders balancing weak momentum against broader USD trends.
No immediate market reaction was observed, as the pair continues to hover near recent levels.