GBPTHB Holds Slightly Bullish BiasBRITISH POUND / THAI BAHTFX_IDC:GBPTHBYES_Group- Yesterday Recap Yesterday, GBPTHB closed at 44.55 in the Thai market. The pair traded within a range as markets continued to assess the outlook for the Bank of England (BoE) following mixed UK economic data. While the services sector continues to show signs of recovery, the slowdown in the labour market remains a factor limiting further upside in the GBP. - Fundamental 25/8/26 Key Events Today GBPTHB: No major UK economic data releases There are no major UK economic releases scheduled for today. As a result, the GBP is likely to be mainly driven by GBPUSD movements, UK bond yields, and expectations regarding the future direction of BoE monetary policy. Recent UK economic data continues to present a mixed picture, with signs of recovery in the services sector contrasting with a slowing labour market. Meanwhile, the GBP has recently lost momentum after rising for several consecutive weeks, increasing the possibility of short-term profit-taking. If the USD strengthens, it could put pressure on GBPUSD and weigh on GBPTHB. However, a weaker USD could help support the GBP. Overall, GBPTHB is expected to trade within a range with a Sideway to Slightly Bullish bias, supported partly by a weaker THB. With no significant new catalysts from the UK today, markets will mainly focus on the direction of GBPUSD and overall USD movements. - Technical Analysis Bias: Sideway Up / Slightly Bullish The price is currently building a base along an ascending trendline, with key support around 44.61. As long as the price remains above this area, there is potential for a rebound toward the resistance levels above. Resistance: 44.66–44.68 This is a key resistance zone. A break and sustained move above this level could open further upside. Support: 44.60–44.61 This is an important support zone and aligns with the ascending trendline. As long as the price remains above this area, the recovery structure remains intact. Target: 44.68 Cut Loss: 44.58 A break below the 44.60–44.61 support zone would invalidate the Sideway Up structure and could lead to further downside.