The GBP/USD currency pair has attracted buyers as it holds steady above the 1.3300 exchange rate during the Asian session on Tuesday. Following a day marked by directionless trading, the pair is buoyed by a dovish outlook from the Federal Reserve, which continues to weigh on the USD. This sentiment has pushed the pair to maintain modest gains above this critical technical level.
Traders remain cautious as the market digests the implications of the Fed's stance, which suggests a slower pace of interest rate hikes. The prevailing uncertainty around U.S. monetary policy may lead to increased volatility in the USD, potentially impacting other currency pairs, including the EUR/USD. As the session progresses, market participants will be keenly watching for any fresh developments that could influence the USD and alter the current trading dynamics.
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Data Source: FX Killer Analysis Team Updated: 2025-12-09 05:44
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.