Sterling briefly climbed on domestic data but failed to sustain gains above its 200-day exponential moving average.
GBP/USD rose from near 1.3350 to above 1.3400 on Tuesday, driven by positive domestic economic news. The pair touched its 200-day exponential moving average (EMA) before reversing course and closing below the level.
The move followed a rare bout of supportive data for the pound, though sterling has struggled to break past key technical resistance in recent sessions. Prior attempts to hold above the 200-day EMA have similarly faltered, reflecting broader market caution.
The intra-day rally proved short-lived, with sterling slipping back beneath 1.3400 by the session’s end.