The pound rebounded from a low of 1.33 to close above 1.34, reclaiming its 200-day moving average amid gilt market volatility.
The British pound staged a recovery against the US dollar, climbing from a session low of 1.33 in Asian trading to close above 1.34. The move marked a 150-pip range and a technical rebound above its 200-day exponential moving average on the daily chart.
The rebound followed a period of political uncertainty in Westminster and broader volatility in UK gilt markets. Sterling had faced pressure earlier in the session but found support as traders digested macroeconomic developments.
No immediate market reaction was specified, though the technical reclaim may signal short-term resilience for the currency pair.