The Pound Sterling (GBP) is experiencing significant selling pressure against major currencies, particularly the US Dollar (USD), following a larger-than-anticipated decline in UK inflation. With the Consumer Price Index (CPI) falling to 3.2% in November, GBP has slipped more than 0.5% to trade near an exchange rate of 1.3340 against the USD.
This unexpected drop in inflation has stirred concerns about the Bank of England's monetary policy direction, which could impact future interest rate decisions. As traders react to the latest economic data, the GBP's weaknesses are palpable, raising questions about its performance against other currencies, such as the Euro (EUR), in the coming sessions.
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Data Source: FX Killer Analysis Team Updated: 2025-12-17 08:29
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.