British Pound Idles Below 1.3300 as Market Awaits Forecast
The British pound traded virtually unchanged on Tuesday, holding just under 1.3300 with a session range of less than 40 pips.
GBPUSD
Sterling was pinned in an exceptionally narrow band, finding a floor above 1.3250 and a ceiling fractionally above the 1.3300 handle. The tight range suggests traders are on hold ahead of an expected forecast, though price action indicates the market may have already moved past the event.
No further details on the specific forecast were provided in the source. The cable pair’s calm contrasts with recent volatility, leaving the short-term outlook neutral as it consolidates.
Source: FXStreet Forex News