Ella 
GBP/USD climbed on Wednesday as market risk appetite pushed the greenback lower, boosting the pound. GBP/USD rose more than 0.75% from Wednesday’s low near 1.2700, hitting the 1.2800 mark at the open on Thursday.
There is little UK data due this week, with October secondary data on national housing prices, the only proxy for the pound, due out on Friday.
The key data this week will be U.S. initial jobless claims, which are expected to rise slightly from 205,000 to 210,000 in the week ending December 22, compared with 205,000 the previous week.
Risk appetite across the market continues to soar as investors tend to bet that the Fed will enter a larger rate-cutting cycle, with many market participants betting that the Fed will begin cutting interest rates as soon as March. The prospect that the Federal Reserve will adjust its interest rate policy has led investors to expect that the Fed will accelerate the pace of interest rate cuts, and Fed officials have repeatedly tried to pour cold water on the hot expectations, but with little success.
