GBP/USD Rises as Sterling Strengthens its Reserve Status
The GBP/USD currency pair continues to thrive amid a weaker dollar and trends in reserve currency diversification. FX managers appear to be shifting away from the dollar, opting for currencies like the British pound. This shift is closely intertwined with movements in the EUR/USD pair, as Europe adopts fiscal stimulus measures, which can have far-reaching implications for market strategies and investor sentiment.