GBP/USD is experiencing a robust rally, trading around 1.3240 during the Asian session on Friday, marking its seventh consecutive day of gains. This upward movement is primarily driven by a weakening US Dollar (USD) as market sentiment shifts in favor of a potential Federal Reserve rate cut in December. The currency pair has capitalized on these shifting expectations, solidifying its position above the key 1.3200 mark.
As traders closely monitor economic indicators and Fed commentary, the increasing likelihood of a rate cut is influencing the exchange rate dynamics. The decline in USD strength further supports the bullish momentum for GBP/USD, which may prompt traders to reassess their positions in anticipation of continued volatility in the forex market. Analysts will be watching for any developments that could impact the Fed's monetary policy outlook, which could further affect the currency pair's trajectory in the coming sessions.
About FX Killer Trader Incubation Program
Want to become a professional trader? FX Killer offers a completely free professional trader training program. We provide systematic courses, practical training, and professional mentorship to help you grow from beginner to full-time trader.
👉 Join Free Training Program | Trading Psychology Assessment
Data Source: FX Killer Analysis Team Updated: 2025-11-28 03:44
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.