The Pound Sterling (GBP) has experienced weakness in trading as it approaches the Bank of England's (BoE) policy meeting. This decline follows the release of the UK Consumer Price Index (CPI) report for November, which came in significantly below market expectations. Analysts at MUFG noted that the disappointing CPI figures have heightened concerns over the potential for a less aggressive stance from the BoE.
As the GBP/USD exchange rate continues to feel the pressure, traders are closely monitoring any implications from the upcoming policy decisions. The EUR/GBP pair has also shown signs of movement, reflecting the broader sentiment in the markets. With expectations around monetary policy shifts looming, the GBP's performance will be critical in determining its trajectory against the USD and EUR in the near term.
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Data Source: FX Killer Analysis Team Updated: 2025-12-18 10:48
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.