GBP/USD has extended its winning streak into a fifth consecutive day, currently trading around 1.3190 during the Asian session on Wednesday. The currency pair's upward momentum reflects traders' optimism ahead of the UK Autumn Budget announcement, with the market closely watching for insights from UK Chancellor of the Exchequer, Rachel Reeves.
As the exchange rate approaches the key level of 1.3200, market participants are keen to assess how the budgetary measures might affect the UK economy and the broader forex landscape. Positive developments could bolster the pound further against the USD, while any negative surprises may lead to a correction in the current bullish trend.
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Data Source: FX Killer Analysis Team Updated: 2025-11-26 02:58
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.