GBP/USD Weekly Outlook: Sterling Stumbles as Dollar Dominates and Policy Diverges
GBP/USD faced headwinds last week as the dollar’s resilience limited the pound’s gains despite positive UK labor data and softer US inflation numbers. Diverging central bank policies—expectations of an earlier BoE cut versus a patient Fed—combined with political uncertainties continue to cap upside. Technically, the pair remains range-bound between 1.2600 and 1.2860, with a break above key resistance needed for bullish momentum. Watch closely as market sentiment and monetary cues shape the path ahead.
