The pound breaks above the 1.3000 level after a better UK GDP reading (UK GDP (m/m) May: -0.1% (expected -0.3%; previously 0.2%)). The data may encourage the Bank of England to raise interest rates further, which, combined with dollar weakness after yesterday's CPI reading from the US, creates downward pressure on the GBPUSD pair.
Source: xStation 5
Daily summary: Wall Street rebounds after the sell-off 🔼 US dollar strengthens on solid NFP data, oil prices fall
3 markets to watch next week: GBPUSD, US500, OIL (06.11.2026)
🚩 EURUSD loses 0.6%
BREAKING: US NFP much stronger than expected 📈 US Dollar and treasuries yields surge