The Pound Sterling (GBP) continues to ride the wave of optimism following the UK budget announcement on November 26, maintaining its gains against major currencies on Thursday. The GBP/USD exchange rate has seen a notable uptick, trading around 1.3650, reflecting an increase of approximately 0.5% since the budget release. Similarly, the GBP/EUR pair has strengthened, now hovering near 1.1400, as traders respond positively to fiscal measures aimed at bolstering the UK economy.
This rally is largely attributed to market sentiment surrounding the UK government's budget relief, which has instilled confidence among investors. As the Pound gains traction, analysts are closely watching technical levels; a sustained move above 1.3700 against the USD could signal further bullish momentum. The implications of this trend may influence trading strategies moving forward, as traders reassess positions in anticipation of future monetary policy shifts from the Bank of England.
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Data Source: FX Killer Analysis Team Updated: 2025-12-04 10:24
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.