The Pound Sterling (GBP) is trading cautiously against its major counterparts on Thursday, as it continues to capitalize on gains following the Federal Reserve's recent rate cut. Investors remain focused on the upcoming release of key UK economic data, which could influence market sentiment ahead of next week’s Bank of England (BoE) decision. Currently, the GBP/USD exchange rate hovers around 1.3650, reflecting a modest recovery.
As traders await the UK monthly GDP figures, market volatility is expected. The GBP/EUR pair is also under scrutiny, trading around 1.1600, amid concerns over broader economic impacts. The Fed's dovish stance has strengthened the dollar, but the anticipation of UK data may lead to fluctuations in the exchange rates. Investors are keen to see if the economic indicators can sustain the pound's momentum against the USD and EUR in the run-up to crucial central bank meetings.
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Data Source: FX Killer Analysis Team Updated: 2025-12-11 08:55
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.