The GBP/USD currency pair began the week in a cautious manner, trading within a tight range of 1.3320 to 1.3325 during the Asian session. The exchange rate reflects a broader market sentiment as traders remain on edge, awaiting the Federal Reserve's upcoming interest rate decision. This uncertainty has contributed to the muted trading environment for the British pound against the U.S. dollar.
As the market anticipates potential shifts in monetary policy, the focus remains on how the Fed's decision may impact the USD. Any hints of tightening may strengthen the dollar, adding pressure on the GBP/USD pair. Conversely, a dovish stance from the Fed could provide the pound with some breathing room. Traders are poised for volatility as key economic indicators continue to unfold throughout the week.
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Data Source: FX Killer Analysis Team Updated: 2025-12-08 04:07
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.