The Pound Sterling (GBP) is showing strength against the US Dollar (USD), trading near the 1.3500 level during Tuesday's European session. This movement brings GBP/USD close to a nearly 12-week high as traders await the upcoming flash US Q3 GDP data, which is expected to provide significant insights into the health of the U.S. economy.
Market sentiment appears to favor the Pound as it gains momentum ahead of key economic indicators. The heightened anticipation surrounding the GDP report could lead to increased volatility in the currency pair, influencing exchange rates throughout the session. Traders are closely monitoring these developments, which may have substantial implications for future monetary policy and market trends.
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Data Source: FX Killer Analysis Team Updated: 2025-12-23 11:40
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.