GBP/USD asteadily climbs above mid-1.3200s amid a softer USD
WikiBit 2025-07-31 23:40
Pound Sterling slumps against US Dollar as traders pare Fed dovish bets The Pound Sterling (GBP) slides to near 1.3200 against the US Dollar (USD) during
GBP/USD steadily climbs above mid-1.3200s amid a softer USD; bulls lack conviction
The GBP/USD pair attracts some buyers during the Asian session on Thursday and reverses a part of the previous days decline to the lowest level since May 13. Spot prices currently trade just above mid-1.3200s, though the fundamental backdrop warrants some caution before positioning for any meaningful recovery.
GBP/USD: Any decline is likely part of a lower range of 1.3210/1.3310 – UOB Group
There is room for Pound Sterling (GBP) to weaken further; any decline is likely part of a lower range of 1.3210/1.3310. In the longer run, strong downward momentum continues to suggest GBP weakness; the next level to monitor is May‘s low of 1.3140, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note
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