GBPUSD weekly: Cable gains 68 pips to 1.3403, 2026-06-08
Sterling climbed 68 pips this week to close at 1.34034, testing April highs as dollar softness persisted.
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Sterling climbed 68 pips this week to close at 1.34034, testing April highs as dollar softness persisted.
Sterling trades up 59 pips from Monday's open at 1.3394, with positioning near perfectly balanced at Wednesday's close.
Cable enters a quiet week after sliding to 1.3335, with no major UK or US data to drive directional moves.
Cable lost 264 pips this week as dollar strength returned, closing at 1.3424 after testing 1.3409 support.
Sterling holds steady near 1.3450 after trading a tight 32-pip range through Wednesday morning.
With no major events scheduled, GBPUSD faces a technical week after dropping 252 pips to 1.34554 last week.
Cable has shed 303 pips from Monday's open as dollar strength persists, with positioning now evenly split.
Cable ended last week nearly flat at 1.34342 with no major catalysts on the horizon for this week.