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November 26, 2024

GBP/USD Outlook Brightens Amid Trade Developments

Recent insights from the CBI revealed a downturn in retail sales activity throughout November. This survey indicated the most significant decline in retail sentiment observed in two years, according to Shaun Osborne, Chief FX Strategist at Scotiabank. The GBP/USD pair could show signs of resilience and potential outperforming due to upcoming trade developments. As the global economic landscape changes, market participants should keep an eye on emerging trends that may bolster the pound ahead.

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