The GBP/USD currency pair slipped to around 1.3100 during the Asian trading session on Tuesday, reversing the upward trend seen over the past three days. The Pound Sterling faced downward pressure as UK 10-year Gilt yields fell to 4.54%, influencing market sentiment and prompting traders to reassess their positions ahead of the upcoming budget announcement on November 26.
This decline in the exchange rate reflects broader market dynamics, with investors closely monitoring UK fiscal policies. The decrease in Gilt yields signals potential volatility in the bond market, which may have ripple effects on currency trading. As market participants await further economic indicators, the GBP/USD pair’s movement will remain closely tied to developments in UK monetary policy and global economic conditions.
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Data Source: FX Killer Analysis Team Updated: 2025-11-25 07:19
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.