GBP/USD surged above 1.34 during the North American trading session on Monday, reflecting a 0.59% increase. This rally was fueled by the latest UK GDP data, which met economic forecasts, indicating stable growth. The pound’s strength comes amid thin liquidity as traders prepare for the upcoming Christmas Eve holiday, which often leads to reduced market activity.
In contrast, the US dollar traded in a lackluster fashion, reflecting broader market conditions. As investors digest the implications of the UK economic performance and adjust their positions ahead of the holiday, the exchange rate dynamics between the GBP and USD could continue to fluctuate. With trading volumes expected to remain low, any significant market shifts could be amplified, presenting both opportunities and risks for forex participants.
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Data Source: FX Killer Analysis Team Updated: 2025-12-22 16:51
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.