GBP/USD drops below 1.25000

Note: This section contains information in English only.
Source: Dukascopy Bank SA
GBP/USD currency pair has dropped to its lowest in over eight months, below 1.2500 against the US Dollar, as the USD gained strength due to expectations of growth from President-elect Trump's policies. These policies are expected to slow Federal Reserve rate cuts, supporting the USD. The Fed also predicts fewer rate cuts this year, with Federal Fund rates possibly reaching 3.9% by the end of 2025.



RSI indicator on a 14-hour period suggests that FX pair could be considered oversold, thus a reversal towards 1.27800 could occur.
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