GBP/USD is experiencing a downward trend for the second consecutive session, currently trading around 1.3420 during the Asian trading hours on Monday. This movement brings the currency pair closer to the critical 50-day Exponential Moving Average (EMA), suggesting a potential shift in market sentiment as traders navigate recent fluctuations.
The decline in the GBP/USD exchange rate reflects ongoing pressures in the market, influenced by economic data releases and geopolitical factors. As the pair hovers near the 1.3400 level, traders will be closely monitoring developments that could impact the British pound and the US dollar, particularly in the context of upcoming economic indicators and central bank policies.
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Data Source: FX Killer Analysis Team Updated: 2026-01-05 04:56
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.