The Pound Sterling (GBP) is experiencing selling pressure in Friday's early European session, weakening against major currencies following an unexpected dip in UK Retail Sales for November. This decline has caused traders to reassess the GBP's resilience, leading to increased volatility in currency pairs such as GBP/USD and GBP/EUR.
As the market reacts to the disappointing retail data, the exchange rate for GBP/USD is hovering around 1.2000, while GBP/EUR trades close to 1.1600. Analysts suggest that this downturn could impact future monetary policy decisions by the Bank of England, potentially prompting further fluctuations in the pound as traders navigate the implications for economic growth and consumer spending in the UK.
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Data Source: FX Killer Analysis Team Updated: 2025-12-19 08:54
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.