GBP/USD Forecast

The British pound initially did rally during the early hours on Monday.

Over the past four trading sessions, the GBP/USD pair has attempted to rebound, with gains not exceeding the 1.2643 level.

The GBP/USD pair faced significant downward pressure during Thursday's trading session, as the US dollar exhibited strength across the board.

For the second day in a row, the GBP/USD currency pair recovered.

The British pound has seen a boost in the past two trading sessions, signaling a potential upward breakout.

The British pound was the second worst performing G10 currency over the past 24 hours.

The US dollar continues to demonstrate strength against various global currencies in early Tuesday trading, and this trend is also evident in the GBP/USD pair.

The GBP/USD pair was subjected to strong selloffs that pushed it towards the support level of 1.2518.

On Monday, the British pound exhibited a drop against the US dollar as markets grapple with the prospect of a Federal Reserve adopting a more prolonged tightening stance.

The strong performance of the GBP/USD pair last week moved them towards the resistance level of 1.2773.

The British pound experienced a significant decline during Friday's trading session.

The British pound vs U.S. dollar [GBP/USD] was traded cautiously within a range between 1.2750 and 1.2657.

The GBP/USD is trading near the 1.26535 ratio as of this writing.

The US dollar continued to gain against other major currencies amid safe-haven demand.

We are still seeing some incredibly quiet trading conditions in the GBP/USD exchange rate.