The Pound Sterling (GBP) is trading flat against the US Dollar (USD) as it steadies itself ahead of Wednesday's budget announcement. After a modest recovery from last week’s low, market analysts at Scotiabank, Shaun Osborne and Eric Theoret, highlight the currency pair's current position, indicating that GBP/USD is poised to maintain its stability in the near term.
With the exchange rate showing minimal movement, traders are closely watching for any signals that could drive volatility. The upcoming budget could play a significant role in shaping market sentiment, especially as GBP looks to consolidate its gains. The interplay between GBP and USD could lead to shifts in trading strategies as investors assess the implications of fiscal policy changes set to be unveiled mid-week.
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Data Source: FX Killer Analysis Team Updated: 2025-11-24 16:22
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.