Daily Market View 15-01-2026
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The Pound Strengthens Across the Board as GDP Growth Surprises
GDP-
In a rare ray of sunshine for the UK economy, November GDP growth printed not only positive, but 3x most estimates in figures released today. Naturally, I'm hooping it up a little, given most estimates had a 0.1% growth rate chalked in a 200% beat sounds more impressive than it is.
Much of this was provided with the help of the manufacturing sector and naturally, the removal over hesitation surrounding the budget, which occurred in late October.
The impact of these figures is significant, with what was expected to be a contractionary quarter in the last of 2025 suddenly being flipped to a 0.1% growth rate. Still not too exciting but undeniably better, it takes pressure off the government (to a degree) and possibly allows the BoE to hold rates higher for longer.
The Pound has reacted well, especially against the Euro, where it flipped a slump into a rally, although remains down against the Dollar as safe haven flight continues to increase Dollar strength.
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