The GBP/USD currency pair slipped below the 1.3550 mark on Tuesday, retreating from a daily high of 1.3567. The decline occurred as the US Dollar staged a surprising recovery, even in the face of softer-than-expected Purchasing Managers Index (PMI) data. Currently, GBP/USD is trading at 1.3519, reflecting a 0.15% decrease.
The market's response to the US data and comments from Federal Reserve officials has led to a strengthened USD, impacting the exchange rate dynamics. As traders assess the implications of the Fed's neutral stance, fluctuations in the GBP/USD pair are expected to continue, highlighting the delicate balance of economic indicators and central bank sentiment in driving forex trading activity.
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Data Source: FX Killer Analysis Team Updated: 2026-01-06 16:56
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.