Pound Sterling Price News and Forecast: GBP/USD holds above 1.3400 as US PMI strength offsets fiscal worries

  • The British Pound (GBP) is navigating choppy price action against the US Dollar (USD) on Thursday, holding above the 1.3400 psychological mark to trade near 1.3410 during the American session, as traders digest the latest business activity data from both sides of the Atlantic. The pair shows signs of indecision after retreating from a three-year high of 1.3468 reached on Wednesday.