Pound Sterling (GBP) is expected to trade between 1.3385 and 1.3435. If GBP surpasses 1.3475, it may continue to 1.3505 and potentially reach 1.3530. <\/p>\n
In the past 24 hours, GBP fluctuated between 1.3400 and 1.3442, ending at 1.3404 with a decrease of 0.26%. Current indicators suggest it will remain within the 1.3385 to 1.3435 range. <\/p>\n
Longer-term observations indicate that despite a slowdown, GBP could surpass 1.3475 if it stays above the strong support at 1.3360. The view remains optimistic about the possibility of an increase. <\/p>\n
This analysis is compiled by the FXStreet Insights Team, which includes observations from numerous market experts and researchers.<\/p>\n
We see the Pound trading sideways for now, likely staying between 1.3385 and 1.3435. This suggests that short-term options strategies betting on low volatility could be considered. However, the underlying tone remains firm, pointing to a potential upward move in the coming weeks.<\/p>\n
If we see a sustained break above 1.3475, we anticipate a rally towards 1.3505. Recent UK inflation data, which came in last week at 3.1%, supports the Bank of England’s hawkish stance and strengthens this view. Therefore, buying call options with a strike price around 1.3500 could prove profitable if that resistance level is breached.<\/p>\n
On the other hand, the key level to watch is the strong support at 1.3360. A break below this would invalidate our bullish outlook and could signal further weakness. Traders might consider buying puts below this level as a hedge, especially as the latest US jobs report from early October 2025 showed a slight slowdown in hiring, which could introduce dollar volatility.<\/p>\n
The current tight range has kept short-term volatility relatively low, but the potential for a breakout suggests this may not last. We have noticed one-month implied volatility for GBP\/USD has already ticked up to 8.2% this week, indicating the market is pricing in a bigger move. A long straddle strategy, buying both a call and a put, could be effective to capture a sharp move in either direction.<\/p>\n
This price action is reminiscent of the consolidation we observed during the summer of 2024, which was followed by a significant trend. Back then, the pair coiled in a narrow range for several weeks before breaking out. As before, patience is required, but we should be prepared for the range to resolve itself with a decisive move.<\/p>\n
Create your live VT Markets account<\/a>\u00a0and\u00a0start trading<\/a>\u00a0now. <\/b><\/p>\n","protected":false},"excerpt":{"rendered":" GBP expected to trade within 1.3385\u20131.3435; potential rise above 1.3475 if support holds.<\/p>\n","protected":false},"author":62,"featured_media":17030,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[59],"tags":[],"class_list":["post-32775","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-live-updates"],"acf":{"acf_article_selection_author":null},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/posts\/32775","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/users\/62"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/comments?post=32775"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/posts\/32775\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/media\/17030"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/media?parent=32775"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/categories?post=32775"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/tags?post=32775"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}