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GBPUSD Holds Near $1.34 as UK GDP Beats Estimates, Shifting Rate Cut Expectations

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The Story

News Summary

  • UK GDP growth exceeded expectations in November, reducing immediate rate cut pressure.
  • Markets now price in moderate monetary easing later this year and early next year for GBPUSD.
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Stored market data

GBPUSD price history

1.35 +1.50% over the displayed period

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