FxWirePro: GBP/USD neutral in the near-term, scope for downward resumption

• GBP/USD struggled for direction on  Thursday as markets await clearer signals from geopolitical developments and key inflation data.

•Israel and Lebanon agreed to implement a ceasefire on Wednesday, but hopes for broader de-escalation faded after Hezbollah rejected the deal and Israel said it would keep troops in Lebanon.

•The developments complicated U.S. President Donald Trump's efforts to secure a broader peace agreement with Iran..

• On data front,   ⁠Britain's construction activity shrank at the fastest pace in six years last month, as economic uncertainty ​and rising inflation linked to the Iran ​war hit ⁠new work.

• On the monetary policy front, the Bank of England appears set on a steady near-term course, with futures markets pricing in two 25bp rate hikes in Q4 2026.

•   Immediate resistance is located at 1.3457(SMA 20), any close above will push the pair towards 1.3487(50%fib)

•  Strong support is seen at 1.3330(38.2%fib) and break below could take the pair towards 1.3307(Lower BB).

  Recommendation: Good to sell around 1.3430 with stop loss of 1.3480and target price of 1.3350