GBP/USD at 'Make or Break' Around 1.3500 as Sterling Underperforms
Sterling underperforms major peers, slipping 0.1% to around 1.3470 against the dollar in early European trade as the pair tests the pivotal 1.3500 level.
The British Pound is showing relative weakness against its major counterparts, with GBP/USD trading 0.1% lower near 1.3470 during early European hours. The pair is hovering just below the psychologically important 1.3500 handle, which analysts describe as a "make or break" zone for near-term direction.
A sustained move below this threshold could invite further selling pressure, while a reclaim of 1.3500 might shift the short-term bias. Market participants are watching to see if the pound can defend this critical technical area.
No major UK data releases are due, leaving the pair vulnerable to broader dollar flows and risk sentiment.
Source: FXStreet Forex News