The GBP/USD currency pair is trading in negative territory, currently around 1.3425, as the market reacts to a resurgence in demand for the US Dollar (USD). This decline below the key technical level of 1.3450 reflects traders' cautious sentiment ahead of critical economic data releases.
Market participants are bracing for the US Retail Sales and Producer Price Index (PPI) figures, which are expected to influence the exchange rate significantly. A stronger-than-expected performance in these reports could further bolster the USD, while disappointing results might prompt a reversal in the current trend. As investors position themselves ahead of these announcements, volatility in the GBP/USD pair is likely to increase.
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Data Source: FX Killer Analysis Team Updated: 2026-01-14 04:46
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.