According to the people familiar with the matter, EU sees possible concessions if UK accepts backstop. GBPUSD spikes to the highest today after release of this report. Currently GBPUSD is above 1.2300 and stops below 38.2 Fibo retracement of recent upward wave.
UK GDP Contracted and the Pound is Up? 🇬🇧 💷
Macro Calendar: Wrapping up an intense week (12.06.2026)
Morning Wrap- Oil drops after Trump announces peace (12.06.2026)
BREAKING: Mixed PPI data from US, claims higher