The GBP/USD currency pair experienced a decline during the Asian session on Thursday, trading around 1.3330 after retreating from a near two-month high. This drop comes as demand for the US Dollar strengthens, impacting the exchange rate significantly. Traders are reacting to the renewed USD purchasing power, which has pressured the British Pound.
Despite this downward movement, speculative bets for a potential Federal Reserve rate cut next week may provide some support for the GBP/USD pair, limiting its downside potential. As market participants weigh the implications of the Fed's policy decisions, volatility is likely to persist, keeping traders on alert for further fluctuations in the exchange rate.
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Data Source: FX Killer Analysis Team Updated: 2025-12-04 04:50
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.