GBP/USD Fails to Break Through Key Resistance as Dollar Dynamics Take Over

The GBP/USD pair closed at 1.35307 after a 0.43% decline, failing to break through resistance near 1.3650 for the third time.

This lack of momentum is largely due to the fact that the UK market has no fresh catalysts, and the Bank of England's decision on September 17 carries only a 15% probability of a rate increase.

The pair's movements are currently being driven by dollar dynamics, particularly in response to Federal Reserve Chair Kevin Warsh's comments at Jackson Hole, which pushed September hike odds from 35.4% to 59.7%