GBP/USD fell below the crucial support level at the 200-day Simple Moving Average (SMA) of 1.3331, declining approximately 0.21% on Tuesday. This movement in the currency pair reflects increased strength in the US Dollar following the release of positive jobs data, which has traders positioning themselves ahead of the Federal Reserve's policy meeting scheduled for Wednesday.
As the market anticipates the Fed's decision, fluctuations in the exchange rate are likely to continue. The firming of the USD may impact other currency pairs, including EUR/USD, as investors weigh the implications of potential interest rate changes. The current trading environment remains tense, with traders closely monitoring economic indicators and central bank signals.
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Data Source: FX Killer Analysis Team Updated: 2025-12-09 16:53
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.