The GBP/USD currency pair is experiencing a decline, trading around 1.3225 during the early European session on Monday. This movement comes amid a bearish technical setup, with the exchange rate falling below the critical 100-day EMA. Traders are closely monitoring this level, as it indicates potential weakness in the pair.
Contributing to the softer tone of the GBP/USD is the growing speculation surrounding a Federal Reserve rate cut in December. As expectations rise for a more dovish stance from the Fed, the USD may face downward pressure, potentially limiting further declines in the GBP/USD exchange rate. This scenario highlights the delicate balance of market sentiment as traders navigate the current economic landscape.
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Data Source: FX Killer Analysis Team Updated: 2025-12-01 06:32
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.