GBP/USD Holds Steady at 1.2700 Amid UK Tariff Discussions

GBP/USD maintained stability around 1.2700 as traders monitor ongoing UK-US tariff negotiations and await tomorrow's crucial UK GDP data. Sterling showed resilience despite broader dollar strength, supported by expectations of positive UK economic growth figures. Market participants are closely watching developments in trade discussions, which could significantly impact UK export competitiveness and sterling valuations. The pair found support at 1.2680, with resistance emerging at 1.2730. Tomorrow's GDP release is expected to show quarterly growth of 0.3%, which could provide additional support for the pound if confirmed. Technical indicators suggest a neutral stance, with the pair trading within a tight range. A break above 1.2730 could target 1.2780, while disappointing GDP data might pressure the pair toward 1.2650 support. Traders remain cautious ahead of the data release and any tariff-related headlines.