The recent release of weak UK GDP data has put pressure on the pound, leading to a decline in the GBP/USD exchange rate. As traders anticipate a crucial week ahead, with jobs data and CPI figures on the horizon coupled with a likely Bank of England (BoE) rate cut, the market sentiment remains cautious. The GBP/EUR pair has also seen downward movement, reflecting the broader impact of economic uncertainty.
As the market braces for these pivotal economic indicators, analysts warn that further soft data could exacerbate Sterling's vulnerabilities. A BoE rate cut could further influence the currency pair dynamics, potentially pushing GBP down against both the USD and EUR. With the exchange rate fluctuations, traders are closely monitoring technical levels for signs of recovery or continued weakness in the pound amidst the ongoing economic challenges.
About FX Killer Trader Incubation Program
Want to become a professional trader? FX Killer offers a completely free professional trader training program. We provide systematic courses, practical training, and professional mentorship to help you grow from beginner to full-time trader.
👉 Join Free Training Program | Trading Psychology Assessment
Data Source: FX Killer Analysis Team Updated: 2025-12-15 11:18
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.