The Pound Sterling (GBP) has emerged as the top performer among G10 currencies, closely following the Norwegian Krone (NOK), driven by a resurgence in risk appetite. According to Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret, sentiment-driven buying has propelled the GBP higher, reflecting a recovery in risk reversals that align with late-August levels.
This positive momentum in GBP trading against major pairs, including the USD and EUR, indicates growing confidence among investors. As the exchange rate strengthens, market participants are reassessing their positions, which could signal a more sustained upward trend for the British currency in the short term.
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Data Source: FX Killer Analysis Team Updated: 2025-12-03 15:22
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.