FX Guys

Pound US Dollar GBP/USD Exchange Rate Edges Up on Market Optimism

December 6, 2024 – Written by John Cameron

The Pound US Dollar (GBP/USD) exchange rate posted modest gains on Thursday as a cautiously upbeat mood boosted the currency pair.

The Pound (GBP) traded without clear direction on Thursday, lacking impetus due to an absence of UK economic data. However, the increasingly risk-sensitive currency managed modest gains against its safer counterparts, buoyed by a broadly positive market mood.

Investor sentiment…
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