The Pound Sterling (GBP) surged 0.45% against major currency peers on Monday, trading close to 1.3440, following the release of revised UK Q3 GDP data. This upward momentum reflects traders' reactions to stronger-than-expected economic growth, bolstering confidence in the UK economy amid ongoing global uncertainties.
As the GBP gains traction, market participants are closely watching its performance against the USD and EUR. The strengthened exchange rate may enhance the appeal of the currency pair, potentially leading to increased trading activity. Analysts suggest that sustained GBP strength could influence future monetary policy considerations by the Bank of England, impacting overall market sentiment in the coming weeks.
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Data Source: FX Killer Analysis Team Updated: 2025-12-22 12:41
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.