GBP/USD Holds Positive Bias Above 1.3300 Amid USD Softness but Faces Limited Upside
GBP/USD trades with a modest positive bias above 1.3300, supported by a softer US dollar following a dip in Treasury yields. While pound strength benefits from improving UK economic indicators and prospects of Bank of England tightening, upside remains limited amid lingering Brexit uncertainties and mixed macro data. Market participants remain cautious as geopolitical and inflation risks temper bullish momentum.
