Pound Sterling (GBP) strengthened against its major counterparts on Monday, buoyed by the confirmation of the UK’s Q3 GDP growth at a modest 0.1%. This data release sparked renewed interest in GBP, leading to a notable uptick in the GBP/USD exchange rate, which hovered around 1.23. Traders responded positively, reflecting a cautious optimism in the UK economy despite lingering challenges.
The growth figures also impacted GBP/EUR trading, where the exchange rate saw gains, climbing above 1.15. Analysts suggest that the GDP figures, though tepid, may signal resilience in the face of broader economic uncertainties. As market participants reassess their positions, the focus will likely shift to upcoming economic indicators that could further influence the Pound's trajectory against the USD and EUR.
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Data Source: FX Killer Analysis Team Updated: 2025-12-22 08:55
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.