FX markets

Daily Market View 12-11-2025

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1:30

Still Sluggish UK Growth as US Prepares to Reopen

1 Minute Market Rundown

UK economy grows 0.3% in Q3 in an expected but still poor sign of health for the UK economy.
House readies for vote today to reopen, with USD rallying off back of the news in hopes of fresh data.
Wait for more concrete data to take until next week with no major US or UK releases until then.

GDP-

The Pound is softening again this morning following another unexciting release of GDP data, suggesting UK growth still remains very sluggish ahead of the November 26th budget. A 0.3% QoQ growth rate was coughed out, owing partially to a 0.1% uplift in private spending, an area which the budget is likely to see snuffed out soon.

Screenshot 2025-11-12 090217

Across the pond, the United states is getting ready to switch back on after the longest government shutdown in history likely ends today. After 43 days, the two parties seem to have been brought to the table, with a deal likely to pass the house today.

USD, which initially looked like weakening as news came out of the end, is now seemingly rallying off the back of the development. USD seems a little erratic at the moment, but a more clear conviction should emerge once we get more data.

Markets Today

*Please be aware the below rates represent the market rate at 8:00 AM, contact your Caxton dealer on check online for a live quote.

Today's Economic Calendar

Major Economic Releases (All times in GMT)

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