Pound Sterling (GBP) is experiencing a notable ascent, trading higher against its major counterparts as it approaches a significant threshold of 1.3500 against the US Dollar (USD) during European trading hours on Tuesday. This rise marks a return to levels not seen in nearly 12 weeks, reflecting a bullish sentiment in the market.
The upward movement in the GBP can be attributed to expectations surrounding the Bank of England's (BoE) moderate policy easing approach. Traders are closely monitoring the implications of these policy shifts, which could bolster the currency's strength against the Euro (EUR) and other currencies. As the exchange rate continues to climb, market participants remain vigilant, considering the potential for further fluctuations in response to economic indicators and central bank communications.
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Data Source: FX Killer Analysis Team Updated: 2025-12-23 10:48
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.