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XForexTrade Updates

GBP/USD Plummets to Seven-Month Low Amid Reeves’s Tax Alert

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The GBP/USD saw a drop on Wednesday, reaching 1.3041, its lowest level since April 2025. This movement showcases how traders are adapting to fresh fiscal uncertainties and the growing gap between the Bank of England and the U.S. Federal Reserve. The recent shift indicates Sterling’s third consecutive weekly downturn, extending its two-week decline to over … Read more

XForexTrade News

GBP/USD Stays Around 1.3130 as Fed’s Hawkish Stance Boosts Dollar

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The GBP/USD is under considerable strain, trading near 1.3130, only a bit above last week’s six-month low of 1.3100. The pair continues to face challenges as the U.S. Dollar Index holds near a three-month high, bolstered by reduced expectations for another Federal Reserve rate cut in December. The financial perspective for the U.K. and the … Read more