The British Pound (GBP) is trading flat against the US Dollar (USD) as the North American session approaches, highlighting its underperformance compared to most G10 currencies. According to Scotiabank's Chief FX Strategists, Shaun Osborne and Eric Theoret, the GBP/USD exchange rate shows limited movement, reflecting the Pound's struggle to gain traction amid a cautious market environment.
This stagnation comes as other major currencies, including the Euro (EUR), display more significant fluctuations, indicating a divergence in market sentiment. Analysts suggest that ongoing economic uncertainties and geopolitical factors continue to weigh on the GBP, making it less attractive for traders compared to its G10 counterparts. As traders look ahead, any shifts in U.S. economic data or policy updates could prompt further volatility in the GBP/USD pair.
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Data Source: FX Killer Analysis Team Updated: 2025-12-01 14:22
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.