GBP/USD experienced a slight pullback on Tuesday, retreating towards midrange levels. The currency pair shed approximately 0.2% after encountering an intraday technical rejection at the 1.3350 mark. This movement reflects a broader sentiment in the forex market as traders adjust their positions ahead of the Federal Reserve's upcoming decisions.
As investors brace for potential shifts in monetary policy, the exchange rate's fluctuations underscore the ongoing volatility in the currency market. With traders closely monitoring U.S. economic indicators, the performance of GBP/USD will likely remain influenced by developments from both the Fed and other major currencies like EUR and JPY in the coming days.
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Data Source: FX Killer Analysis Team Updated: 2025-12-10 01:29
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.