The GBP/USD was trading near the 1.26150 mark on Friday which may have set off alarm bells among cautious speculators, this as Tuesday’s and Wednesday’s highs above the 1.27000 level seemed as if they would vanish into the sunset. Having started last week near the 1.25900 ratio, the gains made early in the week continued the bullish momentum that dominated November’s trading. The sudden move lower on Thursday and early Friday may have cost some traders money if they remained long in the GBP/USD while betting on additional ambitious climbs in value from the currency pair. However, the week did not end badly for ... (full story)
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2023-12-03 16:00:00Z
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