• GBP/USD traded little changed on Friday as risk-off sentiment and renewed U.S.-China trade tensions capped upside moves.
• Beijing on Thursday charged the United States with inciting alarm over its rare earth policies and rejected calls from the White House to reverse them.
• The Chinese government also rejected White House pressure to reverse the export curbs, intensifying trade frictions between the two nations.
• Data released Thursday showed the UK economy grew 0.1% in August from July, matching forecasts and giving Finance Minister Rachel Reeves a modest lift ahead of her November budget.
• Investors are now focused on next week’s inflation data, which could determine whether the BoE cuts rates in November, December, or holds off until early 2026.
• Immediate resistance is located at 1.3480(38.2%fib), any close above will push the pair towards 1.3551(Higher BB)
• Strong support is seen at 1.3417(SMA 20) and break below could take the pair towards 1.3293(Lower BB).
Recommendation: Good to buy around 1.3410 , with stop loss of 1.3340 and target price of 1.3500
