UOB analysts note the pound failed to sustain gains above 1.3540 against the dollar, closing at 1.3496.
GBP/USD briefly rose to 1.3540 before reversing to close at 1.3496, capping upside near 1.3555. The pair traded in a tight intraday range between 1.3475 and 1.3540, reflecting limited momentum.
Earlier sessions saw modest volatility, with the pound struggling to break resistance levels. The 1.3555 cap aligns with recent technical barriers observed in prior trading sessions.
No immediate market reaction was reported following the session’s close.