GBP/USD currency pair gains, watched for sustain above 1.27000 amid positive economic data.

The GBP/USD currency pair saw gains last week and is being watched to see if it can stay above 1.27000. Traders view this as positive after the currency was considered oversold. Recent economic data, including better-than-expected U.S. employment numbers, could support the currency pair, though upcoming inflation and GDP data from the U.S. and U.K. will provide further direction. Financial forecasts for GBP/USD range from a slight retreat to a strong rebound by the end of 2025.

4 months ago
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