The UK economic calendar is set to highlight the monthly Gross Domestic Product (GDP) and Industrial Production data, scheduled for release by the Office for National Statistics (ONS) this Thursday at 07:00 GMT. Traders will closely monitor these indicators, which could influence the GBP/USD exchange rate, currently facing resistance around the 1.3000 level.
A stronger-than-expected GDP reading could bolster the British pound, potentially driving the currency pair higher as market sentiment shifts in favor of the UK economy. Conversely, disappointing figures might prompt a bearish reaction, leading GBP/USD to test support levels below 1.2900. As the market reacts to these pivotal data releases, traders should prepare for increased volatility in the forex market.
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Data Source: FX Killer Analysis Team Updated: 2025-12-12 05:20
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.