The GBP/USD exchange rate is currently trading high at an immediate resistance level. Currently, the GBP/USD pair is facing slight pressure ahead of the release of UK employment data later today.
There is an 80% possibility that the Fed will keep interest rates unchanged in December. In the event that safe-haven flows dominate the financial market, GBP/USD may struggle to maintain its position and the decline could potentially return to the level of 1.2209 before prices rebound.
There is an 80% possibility that the Fed will keep interest rates unchanged in December. In the event that safe-haven flows dominate the financial market, GBP/USD may struggle to maintain its position and the decline could potentially return to the level of 1.2209 before prices rebound.
Trade closed: target reached
