GBP/USD extends its consolidation below 1.3200

The Sterling is trading almost unchanged vs. the greenback on Tuesday, prompting GBP/USD to prolong its sideline theme below the 1.3200 handle.

GBP/USD looks to UK, US data

The pair is following the generalized lack of direction in global markets, navigating within the broader 1.3050-1.3300 range amidst absent catalysts and relevant events.

Ahead in the session, UK’s Construction PMI is only due across the Channel, while inflation figures tracked by the PCE and Personal Income/Spending will take centre stage in the US docket.

GBP/USD levels to consider

As of writing the pair is gaining 0.11% at 1.3191 and a break above 1.3321 (23.6% Fibo of 1.5020-1.2796) would expose 1.3481 (high Jul.15) and finally 1.3535 (high Jun.29). On the other hand, the immediate support aligns at 1.3159 (20-day sma) followed by 1.3061 (low Jul.20) and then 1.2849 (low Jul.11).