The Pound Sterling (GBP) is currently trading flat against the US Dollar (USD), with the GBP/USD currency pair consolidating around the 1.3500 level. This stability comes despite disappointing construction PMI data, which has not sparked significant movement in the exchange rate. Traders appear to be taking a cautious approach, weighing the implications of the economic figures.
As market participants digest the lackluster construction activity, the GBP/USD remains in a tight range. The absence of a strong response to the data suggests that traders are awaiting further catalysts to dictate the next directional move. With the exchange rate hovering near this key technical level, attention will likely turn to upcoming economic indicators for potential trading opportunities.
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Data Source: FX Killer Analysis Team Updated: 2026-01-07 14:51
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.