Here's a summary of the GBP/USD market analysis:
*Current Market Situation*
GBP/USD is trading above 1.2700 in the European session, showing positive momentum.
*Key Factors Influencing the Market*
1. *Improving Risk Mood*: A positive shift in risk sentiment could help GBP/USD stretch higher ahead of the weekend.
2. *US Dollar Weakness*: The US Dollar came under selling pressure after the Thanksgiving Day holiday, amid a positive shift in risk mood.
3. *US Treasury Bond Yields*: Continuing lower yields on US Treasury bonds are making it difficult for the USD to gain traction.
*Recent Price Movement*
GBP/USD gained bullish momentum and climbed to its highest level in over two weeks at 1.2750 early Friday, following small gains on Thursday.