GBP/USD is on the rise, retracing some of its losses from Thursday as the US Dollar (USD) regains some strength. The exchange rate found support amid steady inflation data from the US, which has solidified expectations for a Federal Reserve (Fed) rate cut at the upcoming December meeting. This backdrop has kept pressure on the Greenback, allowing Sterling to gain traction.
As traders adjust their positions, the upward momentum in the GBP/USD currency pair reflects broader market sentiment. Continued discussions around potential monetary easing by the Fed are influencing trading decisions, creating a favorable environment for the British Pound. The market will be closely watching upcoming economic indicators to gauge further implications for both currencies.
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Data Source: FX Killer Analysis Team Updated: 2025-12-05 16:25
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.