The Pound Sterling (GBP) saw a notable rise against major currencies during Friday's European trading session, defying expectations following disappointing UK retail sales data. November's retail sales figures revealed an unexpected decline, raising concerns about consumer sentiment and spending. Despite this, GBP/USD traded at 1.2400, while GBP/EUR reached 1.1500, illustrating the Pound's resilience in the face of economic challenges.
Market analysts suggest that the Pound's strength may stem from broader investor sentiment and positioning ahead of potential monetary policy changes. Even as the UK grapples with economic headwinds, the exchange rate movements indicate a preference for GBP among traders. With the upcoming Bank of England policy meeting, traders are closely monitoring the implications of retail performance on future interest rate decisions, which could further influence trading dynamics in these currency pairs.
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Data Source: FX Killer Analysis Team Updated: 2025-12-19 10:47
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.