GBP/USD has maintained its upward momentum, gaining for the sixth consecutive session and trading around 1.3260 during the Asian hours on Thursday. This rise in the currency pair is largely attributed to the weakening of the US Dollar, as market participants increasingly bet on a potential rate cut by the Federal Reserve in December.
As the likelihood of a Fed rate cut grows, the exchange rate of GBP/USD reflects this sentiment, putting pressure on the USD. Traders are closely monitoring economic indicators and Fed communications that could further influence the dollar's strength. With the current trading levels, market analysts will be watching for any signs of reversal or continued bullish trends in GBP/USD as the week progresses.
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Data Source: FX Killer Analysis Team Updated: 2025-11-27 04:46
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.