GBP/USD Dips Near 1.2500 as Fed Rate Outlook Shifts
The GBP/USD pair remains subdued, trading around 1.2520 during the Asian hours. This situation persists for three consecutive days due to weaker trading activity after the Christmas holiday and a stronger US Dollar.
The tranquility in the market sets the stage for potential shifts, with expectations rising about fewer Federal Reserve rate cuts. This is a crucial moment for currency traders to reevaluate their strategies.
Newsletter
Get Every Weekly Update & Insights
[mc4wp_form id=]