GBP/USD Stays Below 1.2550: Market Influences to Watch
The GBP/USD pair remains under pressure, trading around 1.2520 during the Asian hours on Friday. This stagnation can be attributed to low trading volumes as investors recover from the Christmas holiday. Increased strength of the US Dollar further exacerbates the situation, influenced by expectations that the Federal Reserve will adopt fewer rate cuts in the near future.
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