GBPUSD: Trading Below 1.3450 as US Retail Sales and PPI Loom — Key Technical Patterns in Focus
Over the past three trading days, GBPUSD has trended within a tight range around 1.34-1.35, closing yesterday at 1.34399. The pair came under pressure below the key 1.3450 support ahead of upcoming US Retail Sales and Producer Price Index (PPI) releases. While recent US inflation data met expectations, strengthening the dollar mildly, GBPUSD remains range-bound amid mixed fundamental cues. Market sentiment is influenced by US political noise affecting the dollar, providing short-term uplift for












