GBP/USD experienced a decline on Monday, starting the December trading session down approximately 0.25%. The exchange rate retreated from a crucial technical confluence area, which could prompt further short selling of the Pound Sterling (GBP) unless there is a shift in global capital flows favoring the US Dollar (USD).
The downward pressure on GBP can be attributed to strains from the UK budget, alongside disappointing US labor data that influenced market sentiment. As traders assess these developments, the potential for additional volatility in this currency pair remains high, particularly if the USD continues to attract investment amid ongoing economic uncertainties.
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Data Source: FX Killer Analysis Team Updated: 2025-12-01 23:40
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.