GBP/USD - Overview as of 24.12.2024

Financial and commodity markets analytics


Yesterday's publication of the UK GDP data did not have a significant impact on the dynamics of the GBP/USD pair. The instrument is held in the previously outlined support zone. For the pound to have chances for growth against the US dollar, the market needs help. The catalyst could be the general weakening of the US currency. However, during the holiday week, in conditions of reduced liquidity, it is difficult to expect a stable, fundamentally sound movement of the instrument in one direction or another.