The Pound Sterling (GBP) is trading cautiously against its major counterparts on Thursday, maintaining gains following the Federal Reserve's recent rate cut. Market participants are keenly awaiting essential UK economic data, which could influence the Bank of England's (BoE) upcoming decision next week. Currently, the GBP/USD exchange rate hovers around 1.2300, reflecting a slight upward movement as traders weigh economic indicators.
As investors monitor the impact of the Fed's monetary policy shift, the GBP continues to be sensitive to economic releases. Anticipation builds around the UK monthly GDP figures, expected to offer insights into the nation's economic performance amid global uncertainties. The EUR/GBP pair shows modest fluctuations, resting near 0.8600, as traders position themselves ahead of both the data release and the BoE's monetary stance.
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Data Source: FX Killer Analysis Team Updated: 2025-12-11 11:19
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.