GBP/USD: Remains Constructive Despite Weak UK Data

<p><img width="612" height="314" src="https://www.actionforex.com/wp-content/uploads/2023/06/f-gbp185.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" loading="lazy" srcset="https://www.actionforex.com/wp-content/uploads/2023/06/f-gbp185.jpg 612w, https://www.actionforex.com/wp-content/uploads/2023/06/f-gbp185-600×308.jpg 600w, https://www.actionforex.com/wp-content/uploads/2023/06/f-gbp185-150×77.jpg 150w, https://www.actionforex.com/wp-content/uploads/2023/06/f-gbp185-300×154.jpg 300w" sizes="(max-width: 612px) 100vw, 612px" /></p>
<p>Cable is holding around 1.23 handle in early Thursday, after repeatedly cracking pivotal barrier at 1.2328 (Fibo 38.2% of 1.2800/1.2037 bear-leg, reinforced by falling 30DMA), but the action remains within a narrow range and with limited upside. Sterling remains constructive despite weak UK economic data released earlier today, as Aug GDP was in line with […]</p>
<p>The post <a rel="nofollow" href="https://www.actionforex.com/contributors/technical-analysis/522723-gbp-usd-remains-constructive-despite-weak-uk-data/">GBP/USD: Remains Constructive Despite Weak UK Data</a> appeared first on <a rel="nofollow" href="https://www.actionforex.com">Action Forex</a>.</p>