• GBP/USD traded in tight range on Thursday as markets await clues on the Federal Reserve's 2025 rate plan and tariff policies from the incoming Trump administration.
• Investors are also bracing for a slew of market-impacting changes in 2025, ranging from tariffs and deregulation to tax policy, as Donald Trump returns to the presidency in January.
•On the data front, traders are awaiting the U.S. jobless claims data, set to be released at 1330 GMT..
•At GMT 12:02, Sterling was last up 0.01% on the dollar at 1.2530
• Immediate resistance is located at 1.2619 (38.2%fib), any close above will push the pair towards 1.2669(Dec 19th high).
•Support is seen at 1.2476(23.6%fib) and break below could take the pair towards 1.2446(Lower BB).
Recommendation: Good to sell around 1.2540 with stop loss of 1.2590 and target price of 1.2440
