GBP/USD is trading higher, surpassing the 1.3500 mark and reaching around 1.3510 during the Asian session on Monday. The upward movement follows a gap-down opening, driven by a weakened US Dollar (USD). The currency pair's gains reflect shifting market sentiment amid increasing expectations that the Federal Reserve (Fed) may implement two additional rate cuts by 2026.
As the Fed’s potential policy shifts come into focus, traders are closely monitoring the implications for the USD and its impact on the broader foreign exchange landscape. The GBP/USD exchange rate's ascent underscores the challenges facing the USD, which could influence other currency pairs, including the EUR/USD. Market participants will likely remain vigilant for further developments regarding Fed policy and economic indicators that could sway trading decisions.
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Data Source: FX Killer Analysis Team Updated: 2025-12-29 01:47
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.