GBP/USD edges up in Asia but geopolitical concerns limit gains
Sterling found dip buyers against a softer dollar during Asian trading Friday, breaking a two-day slide, though geopolitical risk kept the rebound contained.
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The pound attracted buying interest against the US dollar in Friday’s Asian session, halting a two-day decline that had taken GBP/USD to its low for the week. The move was supported by a softer dollar tone.
However, upside momentum remained limited. Market participants were reluctant to push the pair higher as geopolitical tensions continued to weigh on sentiment, preventing a stronger follow-through rally.
GBP/USD therefore remains in a cautious recovery, with near-term direction likely to depend on whether broader risk conditions stabilize.
Source: FXStreet Forex News