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fxJun 22, 2026, 2:07 AM

GBP/USD Fills Weekly Bearish Gap, Upside Capped by UK Political Chaos

The GBP/USD pair recovered to 1.3235 in Asian trading, filling the weekly bearish gap as the US dollar weakened, but gains are limited by ongoing UK political instability.

GBPUSD

The GBP/USD pair climbed back into the 1.3235 region during the Asian session, closing the weekly bearish gap. The move was supported by a modest US dollar downturn.

However, the upside for sterling remains constrained amid continued political turmoil in the UK. Traders are cautious, with any further gains likely to be limited until the political situation stabilizes.

Source: FXStreet Forex News