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fxJun 24, 2026, 10:17 PM

GBP/USD Recovery Stalls, Cable Dips Below 1.3150

GBP/USD confirmed the end of its attempted recovery, sliding to a low just under 1.3150 before closing slightly above fresh lows.

GBPUSD

The British pound's turnaround attempt has fizzled out. GBP/USD spent Wednesday confirming what the daily chart had signaled for a week—that the recovery had run out of steam.

Cable drifted lower through the session, hitting a low just under 1.3150 before clawing back a little into the close. The pair settled just above fresh lows, indicating continued bearish pressure.

Source: FXStreet Forex News