Pound Held Back, GBP/USD Awaits Market Direction
The GBP/USD pair experienced limited movement on December 16, 2025, as investors remained cautious amid global market pressures. Wall Street's weakness and the exit from technology stocks dampened risk sentiment, leading to a more subdued movement in major currencies. A moderate US dollar held back the pound's decline, but was not enough to provide a significant boost to its strength.
From a fundamental perspective, the market is still weighing the UK economic outlook and the Bank of England's policy direction, particularly regarding inflation and interest rates. At the same time, market participants are also awaiting important economic data from the US that could influence the dollar's strength. As long as this uncertainty persists, GBP/USD is expected to move cautiously with an unclear direction. (az)
Source: Newsmaker.id
