The Pound Sterling (GBP) is trading near a fresh seven-week high, hovering around the 1.3400 level against the US Dollar (USD) on Thursday. The GBP/USD currency pair remains robust as traders react to the Federal Reserve's decision to cut interest rates on Wednesday, which has prompted a decline in the USD's appeal across the market.
The Fed's rate cut has created a ripple effect, allowing the GBP to capitalize on the USD's weakened position. As the exchange rate stays firm, market participants are closely monitoring further developments from the Fed and potential impacts on the broader forex landscape, especially concerning the EUR and other major currencies.
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Data Source: FX Killer Analysis Team Updated: 2025-12-11 12:43
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.