The post Pound Sterling holds Fed-related gains ahead of UK monthly GDP data appeared on BitcoinEthereumNews.com.

The Pound Sterling (GBP) trades cautiously against its major peers on Thursday, broadly holding the gains after the Fed rate cut, as investors prepare for the release of key United Kingdom (UK) economic data before the Bank of England (BoE) decision next week. From Friday and until the BoE decides next Thursday, the UK’s Office for National Statistics (ONS) will release monthly Gross Domestic Product (GDP) data for October, labour market data for the three months ending October, and the Consumer Price Index (CPI) data for November. On Friday, investors will pay close attention to the UK GDP report, which is expected to show that the economy expanded by 0.1% after contracting at a similar pace a month earlier. A good performance of the economy at the start of the fourth quarter would fuel optimism on the growth outlook at a time when the UK’s fiscal watchdog has raised the country’s GDP projections for the current year to 1.5% from the 1.0% estimated in March. Within the GDP data, investors will also focus on the Manufacturing and Industrial Production data. On a monthly basis, both economic indicators are expected to come in higher due to the low base effect. On the monetary front, traders are increasingly confident that the Bank of England (BoE) will cut interest rates by 25 basis points (bps) to 3.75% next week amid weak job market conditions. Daily digest market movers: Fed rate cut hurts the Dollar, supporting Pound Sterling The Pound Sterling trades close to a fresh seven-week high around 1.3400 against the US Dollar (USD) on Thursday. The GBP/USD pair trades firmly as the US Dollar struggles to gain ground following the Federal Reserve’s (Fed) rate cut on Wednesday. The US Dollar Index (DXY), which gauges the Greenback’s value against six major currencies, trades…

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Filed under: News - @ December 11, 2025 9:35 am