The UK is set to release key economic data, including Gross Domestic Product (GDP) and Industrial Production figures for November, on Thursday at 07:00 GMT. Traders are keenly anticipating these releases, as they may significantly influence the GBP/USD exchange rate. A stronger-than-expected GDP report could bolster the British pound, potentially pushing the currency pair above key resistance levels.
Conversely, disappointing data could lead to a decline in GBP/USD, with analysts eyeing support levels that could trigger further selling pressure. Market sentiment remains cautious, as traders assess the implications of the UK’s economic performance on future monetary policy decisions. As the data release approaches, volatility in the forex markets is likely to increase, making it a critical time for currency traders.
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Data Source: FX Killer Analysis Team Updated: 2026-01-15 06:32
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.