The Pound Sterling (GBP) has shown notable strength against the US Dollar (USD), climbing back to a three-month high of 1.3535 during the European trading session on Wednesday. This upward movement reflects growing market expectations of a dovish stance from the Federal Reserve, with traders now anticipating potential shifts in monetary policy as far out as 2026.
The bullish sentiment around GBP has been buoyed by firming bets that the Fed may pivot towards a more accommodating approach, impacting the USD's performance. As the currency pair continues to exhibit resilience, analysts will be closely watching for any further developments that could influence the exchange rate dynamics, particularly in light of ongoing economic data releases from both sides of the Atlantic.
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Data Source: FX Killer Analysis Team Updated: 2025-12-24 12:41
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.