🇬🇧🇺🇸 GBP/USD Holds in a Tight Range as Thin Data Keeps Trading Subdued 📊💤
The British pound (GBP) and US dollar (USD) pair is struggling to find strong direction as markets remain quiet due to a lack of major economic releases. With no high-impact data from either the UK or the US, traders are staying cautious, keeping the pair stuck in a narrow consolidation range.
💷 On the UK side, investors are watching inflation trends and Bank of England rate expectations, but without fresh numbers, momentum remains weak.
💵 Meanwhile, the US dollar is also steady as traders wait for new clues from Federal Reserve officials and upcoming macroeconomic reports.
📉 Low volatility conditions suggest accumulation
📊 Technical traders are eyeing key support and resistance zones
⏳ A breakout could happen once strong economic data or central bank signals arrive
Overall, GBP/USD remains range-bound for now, but volatility is expected to return soon as the macro calendar picks up.
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