The GBP/USD currency pair has seen a slight downturn during the Asian session on Tuesday, trading below the mid-1.3500s after reaching a multi-month peak of 1.3545-1.3550, its highest level since September 2025. This pullback comes as the US dollar experiences a modest uptick, impacting the exchange rate and prompting traders to reassess their positions.
The recent strong rally in GBP/USD was attributed to bullish sentiment surrounding the British pound, but the current USD strength has led to a corrective phase. Analysts suggest that this movement could signal increased volatility, with traders closely watching for further developments that may influence the currency pair's trajectory in the coming sessions.
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Data Source: FX Killer Analysis Team Updated: 2026-01-06 01:41
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.