GBPUSD Eases After Inflation Data

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The British pound sterling made some gains intraday but gave them back rather quickly.

Price action is holding up steady to the upside with GBPUSD targeting the 1.3300 handle.

The current price action indicates that we could see further upside in prices if the highs near 1.3250 are breached.

However, further gains beyond 1.3300 remain doubtful at this moment.

This could mean that the GBPUSD might remain in a sideways range within the 1.3300 and 1.3122 levels in the near term.

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