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May 5, 2025

Pound Sterling Price Update: GBP/USD Approaches Critical Support Level

The Pound Sterling has lost 0.3% last week, breaking a three-week winning streak against the US Dollar. The GBP/USD pair is now entering a consolidation phase and currently trades just below the crucial 1.3300 level. This development raises concerns about the potential for further declines if the support level does not hold. Traders should stay alert and analyze market trends closely as this situation unfolds. Economic indicators and geopolitical events could impact how the GBP performs in the short term. Keeping a watch on this key support level will be essential for those involved in trading GBP pairs.

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