GBP Shows Resilience: Overview for December 25, 2023

<div><img width="360" height="360" src="https://blog.roboforex.com/wp-content/uploads/2023/06/GBPUSD_4-360×360.jpg" class="attachment-thumbnail size-thumbnail wp-post-image" alt="GBP/USD analysis today" style="margin-bottom: 15px;" decoding="async" loading="lazy" /></div><p>The <a href="https://roboforex.com/beginners/info/charts/forex/gbpusd/" data-internallinksmanager029f6b8e52c="36" title="GBP/USD">GBP/USD</a> pair maintains its growth <a href="https://blog.roboforex.com/blog/2019/11/12/momentum-efficient-oscillator-or-trend-indicator/" data-internallinksmanager029f6b8e52c="96" title="Momentum">momentum</a>, with the British pound sterling appearing resilient against the US dollar. The current exchange rate stands at 1.2697.</p>

<p>In the latest update on the UK's Q3 <a href="https://blog.roboforex.com/blog/2019/10/29/trading-news-how-to-make-money-on-gdp/" data-internallinksmanager029f6b8e52c="93" title="GDP">GDP</a> released last Friday, the economy expanded by 0.3% y/y, a result twice as weak as anticipated. On a quarterly basis, the GDP declined by 0.1%, deviating from the expected zero value and the 0.2% economic growth observed in the previous quarter.</p>

<p>Viewed from a global perspective, the data reflects a negative trend. The economic slowdown in the UK is attributed to subdued consumer spending influenced by aggressive <a href="https://blog.roboforex.com/blog/2022/06/30/what-is-inflation-reasons-and-consequences/" data-internallinksmanager029f6b8e52c="220" title="Inflation">inflation</a> and the enduring consequences of <a href="https://blog.roboforex.com/blog/2019/10/28/brexit-pond-perspectives-and-misty-horizons/" data-internallinksmanager029f6b8e52c="92" title="Brexit">Brexit</a>.</p>

<p>Despite these challenges, there is a glimmer of optimism in the retail sector, as UK retail sales saw a 1.3% m/m increase in November.</p>

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<a href="https://my.roboforex.com/en/register/">Open Trading Account</a></p><p>The post <a href="https://blog.roboforex.com/blog/2023/12/25/gbp-shows-resilience-overview-for-december-25-2023/">GBP Shows Resilience: Overview for December 25, 2023</a> appeared first at <a href="https://blog.roboforex.com">R Blog – RoboForex</a>.</p>