GBPTHB Holds Bullish BiasBRITISH POUND / THAI BAHTFX_IDC:GBPTHBYES_GroupYesterday Recap Yesterday, GBPTHB closed at 44.68 at the Thai market close. The GBP was supported by relatively strong UK economic data, with Q2 GDP expanding by 0.4% QoQ, while June GDP increased by 0.3% MoM, reflecting continued resilience in the UK economy. However, the GBP remained capped by expectations surrounding the BoE’s interest-rate outlook, while the USD weakened following weaker-than-expected US PPI data. Fundamental – August 14, 2026 GBPTHB is expected to trade within a range with a slight bullish bias in the short term. There are no major UK economic releases scheduled today, so the GBP is likely to move mainly in response to the USD and global market sentiment, particularly the release of US July Retail Sales. If the data comes in weaker than expected, it could weigh on the USD and support GBPTHB. Conversely, stronger-than-expected US data could strengthen the USD and limit the upside potential of GBPTHB in the short term. In addition, the Thai stock market opened higher in line with US equities overnight. This could support the Thai baht and put additional downward pressure on GBPTHB in the short term. Technical GBPTHB is expected to trade within a range with a slight bullish bias in the short term, as the price has formed higher lows and remains above the upward trendline. The price has recently moved higher to test the FVG zone around 44.84. If the price can sustain above this zone, it could continue higher toward the OB zone at 44.91–44.94. Conversely, if the price fails to break through the FVG, profit-taking pressure could lead to a pullback toward Support at 44.78–44.76. As long as the price holds above this support zone, the short-term bullish structure remains intact. However, a break below the key support could weaken bullish momentum. Overall, the technical outlook remains bullish, with current technical indicators showing a Strong Buy signal for GBPTHB. Bias: Sideways to Bullish Resistance: 44.84 / 44.87 Support: 44.78–44.76 Target: 44.91–44.94 Cut Loss: 44.74