The Pound Sterling (GBP) surged during the North American session on Thursday, climbing above the 1.34 level against the US Dollar (USD), reflecting an increase of over 0.68%. This rally was primarily driven by the Federal Reserve's decision to cut interest rates by 25 basis points, coupled with a disappointing jobs report that caused further weakness in the USD.
As the exchange rate moved in favor of the GBP, traders reacted to the softer economic data and the Fed's dovish stance, highlighting concerns over the strength of the US economy. The implications of this movement may prompt shifts in trading strategies, particularly as market participants reassess their positions in anticipation of the next economic indicators and potential Fed policy adjustments.
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Data Source: FX Killer Analysis Team Updated: 2025-12-11 16:59
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.