Pound Sterling sets trading range before next breakout

Sterling starts afresh, euro eyes ECB

A mixed week for the pound saw it give up early advances against the US dollar and the euro to finish just in the red across the week. In what was another resilient showing, the euro held its own over the US dollar, which remains subject to a dizzying barrage of economic and political news.

Pound Sterling sets trading range before next breakout

GBP/USD fluctuates in a tight range below 1.3500 on Friday. The near-term technical picture highlights the pair’s indecisiveness. The US economic calendar will feature PCE inflation data for April. GBP/USD managed to rebound from the multi-day low it set early Thursday and ended the day with small gains. The pair struggles to gather directional momentum early Friday and trades in a narrow band below 1.3500. British Pound PRICE This week The tab…