Bitcoin 
Ethereum 
Tether 
XRP 
BNB 
Wrapped SOL 
USDC 
Lido Staked Ether 
TRON 
Dogecoin 
Instead of continuing to decline, Pound Sterling (GBP) is more likely to consolidate between 1.3110 and 1.3170. In the longer run, the outlook for GBP remains negative, but for it to continue to decline, it must first close below 1.3100, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note.
💡 DMK Insight
GBP’s potential consolidation between 1.3110 and 1.3170 could be a tactical opportunity for traders. With the current market snapshot showing SOL at $175.45, traders should note that GBP’s outlook remains negative unless it closes below 1.3100. This level is crucial; a breach could trigger further selling pressure. Conversely, if GBP holds above 1.3110, it might attract short-term buyers looking for a bounce. The broader context includes ongoing economic uncertainties in the UK, which could weigh on GBP. Traders should also keep an eye on correlated assets like the Euro, as shifts in GBP can impact cross-currency pairs. Watch for any news or data releases that could influence market sentiment, particularly around the 1.3100 level, as it could set the tone for GBP’s next move.
📮 Takeaway
Monitor GBP closely around the 1.3100 level; a close below could signal further declines, while holding above may invite buying interest.
