The British pound (GBP) may see a modest uplift as upcoming UK economic data is anticipated to influence market sentiment. November job figures and December's Consumer Price Index (CPI) data are expected to provide a boost, potentially extending the short squeeze that has been developing since late November. As traders adjust their positions, the GBP/USD exchange rate could benefit from this positive momentum.
The market's focus will be on how these economic indicators impact the pound in relation to the euro (EUR) and the US dollar (USD). A stronger-than-expected employment report or CPI could strengthen the GBP against its counterparts, driving the GBP/EUR and GBP/USD pairs higher. Traders are advised to closely monitor these releases, as they may lead to increased volatility and trading opportunities in the currency markets.
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Data Source: FX Killer Analysis Team Updated: 2026-01-19 11:44
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.