GBP/USD is holding steady near the 1.3200 level as traders anticipate a dovish pivot from both the Federal Reserve and the Bank of England. The exchange rate reflects minimal gains for the USD, despite ongoing indications of economic weakness in the US. This scenario is raising speculation about a potential easing of monetary policy at the Fed’s upcoming December meeting.
As market participants weigh these developments, the currency pair's stability suggests a cautious approach among traders. Any signs of further deterioration in the US economy could reinforce expectations for a shift in policy, impacting the USD's performance against major currencies. The interplay between Fed actions and BoE decisions will be crucial in shaping the trading landscape for GBP/USD in the coming weeks.
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Data Source: FX Killer Analysis Team Updated: 2025-12-02 16:27
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.