The GBP/USD currency pair is experiencing modest losses as it trades just below the mid-1.3400s, down 0.10% during the Asian session. The bearish opening marks a slight gap as geopolitical tensions bolster the USD's strength, impacting the exchange rate. Despite the downward movement, spot prices are holding above last week's swing low, indicating a lack of aggressive selling pressure.
Mixed fundamental cues are shaping the trading environment, leading to a cautious sentiment among investors. While the USD gains traction amid geopolitical concerns, the GBP shows resilience, managing to maintain its position above critical technical levels. As the week unfolds, traders will be closely monitoring developments that could influence the direction of this currency pair.
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Data Source: FX Killer Analysis Team Updated: 2026-01-05 01:49
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.