British Pound pares intraday losses; bulls seem hesitant near 1.3600 on firmer USD
The GBP/USD pair rebounds nearly 50 pips following a bearish gap opening at the start of a new week and climbs back to the 1.3600 mark during the Asian session. However, a modest US Dollar (USD) strength might cap any further gains for spot prices.
The GBP/USD pair may struggle to maintain upward momentum as the US Dollar shows strength. Prices are likely to remain capped around the 1.3600 level in the near term.
The GBP/USD pair rebounds nearly 50 pips following a bearish gap opening at the start of a new week and climbs back to the 1.3600 mark during the Asian session. However, a modest US Dollar (USD) strength might cap any further gains for spot prices.
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