Pound Sterling Price News and Forecast: Dips below 1.3450 following final UK manufacturing PMI data

💡 DMK Insight

The Pound’s rejection at 1.3475 signals potential bearish momentum, and here’s why that matters: This early London session rejection could indicate a shift in trader sentiment, especially as it retreated to the 1.3450 area. If the Pound can’t reclaim that 1.3475 level soon, we might see further downside pressure, potentially targeting the next support around 1.3400. Traders should keep an eye on this level as a break below could trigger additional selling, especially if correlated with broader market trends like U.S. dollar strength or shifts in interest rate expectations. But here’s the flip side: if the Pound manages to bounce back above 1.3475, it could signal a short-term buying opportunity, especially if accompanied by positive economic data or sentiment shifts. Watch for any news that could impact the UK economy, as that could influence the Pound’s trajectory in the coming sessions.