GBPUSD

Key Indicators

• The current structure is still neutral to bearish, but the pound is approaching a key demand area and is overdue for a relief rebound if bulls step in after a liquidity grab near 1.3300.

Fundamental Context

GBPUSD hit a fresh 3-week low of 1.3300 in the late NY session on Thursday. Looking ahead, GBP traders and investors should closely monitor the flash PMI readings and geopolitical developments, as any escalation in the Middle East could prompt caution.