The GBP/USD currency pair has seen a dip below the 1.3500 technical level, trading around 1.3485 during the early European session on Monday. This decline is attributed to a resurgence in demand for the US Dollar (USD), which has prompted a shift in market dynamics. Traders are closely monitoring this movement as renewed strength in the USD could influence exchange rates across various pairs.
Despite the recent softening, the outlook for GBP/USD remains cautiously optimistic. The Bank of England (BoE) has indicated a commitment to a gradual approach in its monetary policy, suggesting that any potential downside for the major pair may be limited. As the market navigates these developments, the interplay between the GBP and USD will be critical in shaping trading strategies going forward.
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Data Source: FX Killer Analysis Team Updated: 2025-12-29 05:52
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.