GBP/USD surged to new seven-week highs on Wednesday, climbing back into the 1.3400 range. This movement was triggered by the Federal Reserve's widely anticipated decision to implement a third consecutive interest rate cut, which has been a significant factor influencing the currency pair's recent performance.
The exchange rate's rebound reflects traders' responses to the Fed's policy shift, which typically leads to a weaker USD. As the market adjusts to these changes, the implications for GBP/USD trading could signal further volatility, with potential for even higher levels if bullish momentum continues.
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Data Source: FX Killer Analysis Team Updated: 2025-12-10 23:39
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.