Traders pause ahead of Q1 UK GDP data and updates on the Trump-Xi meeting after three sessions of GBP losses.
GBP/USD trades around 1.3520 in Asian hours, recovering slightly after three consecutive days of declines. The pair remains rangebound as investors await key UK economic data and developments in US-China trade discussions.
Preliminary UK GDP figures for Q1 2026, alongside Industrial and Manufacturing Production data, are due later today. The previous quarter’s GDP growth stood at 0.6%, with consensus estimates pointing to a modest slowdown. Market participants also monitor updates from the Trump-Xi meeting, which could influence risk sentiment.
No immediate market reaction has been observed, with traders adopting a cautious stance ahead of the data releases.