The Pound Sterling (GBP) is trading higher against major currencies this Friday, despite the unexpected dip in UK Retail Sales for November. The exchange rate shows GBP/USD at 1.2345, reflecting a robust performance in the face of economic headwinds. Analysts are noting the resilience of the pound, which has managed to gain ground against the euro as well, with GBP/EUR trading at 1.1350.
Market participants are closely watching these developments, as the decline in retail sales could suggest challenges for the UK economy moving forward. However, the current strength of the pound might indicate ongoing confidence among traders and investors. With the GBP holding steady against the USD and EUR, the implications for future trading sessions could hinge on upcoming economic data releases and central bank signals.
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Data Source: FX Killer Analysis Team Updated: 2025-12-19 11:39
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.